Examples of catering services that rely on low margins but high volume of sales are
Answer Details
Fast food and takeaway are examples of catering services that rely on low margins but high volume of sales.
These types of businesses typically offer a wide variety of menu options that are quick and easy to prepare, which allows them to serve a large number of customers in a short amount of time. By keeping their profit margins low, they can attract more customers who are looking for affordable and convenient food options.
In contrast, businesses like hotels and motels may offer catering services but they often charge higher prices and focus more on providing a high-end dining experience rather than fast and affordable food options.
Canteens are typically found in schools, workplaces, and other institutions and while they also offer affordable meals, their volume of sales may not be as high as fast food and takeaway businesses.
Overall, catering services that rely on low margins but high volume of sales are focused on providing quick, affordable and convenient food options to their customers.