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1. To earn a satisfactory profit; most establishment enjoy where there is no control of
prices ( monopolistic location) as they are able to charge very high prices, but this
should be limited as this invites competitors. Therefore to attract customers, many
establishments fix their prices at a fairly low level.
2. Setting menu prices; this is the setting of selling prices of an item.
3. Calculation of selling prices;
4. Cash control.
NatalieR answered the question on May 16, 2022 at 12:01
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