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Founded in 1998 by Paul Fleming and Bill Allen, Fleming's first location was in Newport Beach, California. [6] In 2020, Fleming's was one of the many restaurant chains impacted by the COVID-19 pandemic. [7] [8] [9] As of 2021, the company had 64 locations throughout 26 states and 1 in São Paulo, Brazil, all company-owned. [1] [10]
Thus, the bar sets a lower price for entry for university and college students because students have elastic demand. In some bars, there are different cover charges for legal drinking-age customers and for minors who may not purchase or drink alcohol (e.g., a $5 cover charge for those over 21 and an $8 cover for minors).
BJ's Restaurants, Inc. is an American restaurant chain, headquartered in Huntington Beach, California. [2] [3] The chain operates under the names BJ's Restaurant & Brewery, BJ's Restaurant & Brewhouse, BJ's Grill, and BJ's Pizza & Grill.
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Menu costs are the costs incurred by the business when it changes the prices it offers customers. A typical example is a restaurant that has to reprint the new menu when it needs to change the prices of its in-store goods. So, menu costs are one factor that can contribute to nominal rigidity. Firms are faced with the decision to alter prices ...
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