Cornell Hospitality Quarterly

With careful purchasing, handling, and preparation, the food service operator can reap profits with patron-pleasing, portion-control meats

We do know a good deal about how advertising works — the hard part is to use that knowledge. Most of us are like the farmer who was told of new techniques by the county agricultural agent. "No thanks, young man," he said, "I already know how to farm better than I do."

A total system approach to cash management can produce savings through reduction of cash tied up in the system and earlier availability of cash received. Assume, for example, that a hotel chain could gain two additional days of activity for its average daily collection of $300,000: if the released funds could be invested at eight percent per year, the total annual savings would be $48,000.

The condominium hotel manager should approach the drafting of the management contract with great care. If the contract is poorly drawn, he will live a bad dream around the clock.