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Question and Answer Advice, Tips, and Insights From Folks Who Have Been There Before...

I have a three store chain and feel as if I put the "cart before the horse". I am just now paying close attention to product costs and have realized that I am running too high. I have a two part question.

1. Is there industry standards for all costs as a percentage of sales? Electric, Rent, Product, Paper, Beverage, Payroll, etc...

2. A high product cost could be made of many elements. Where do I focus my attention? Product waste, pricing, theft?


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