Development of a System of Financial and Economic Indicators Characterising the Efficiency of Public Catering Companies

This study examines the development of a system of financial and economic indicators to evaluate the efficiency of public catering enterprises, addressing the growing need for effective financial resource utilization in the sector. While previous studies have explored general financial efficiency, a gap remains in defining specific indicators tailored to public catering. The research aims to establish a comprehensive framework for assessing efficiency, emphasizing the optimal use of financial resources. Using a systematic analysis of financial performance metrics and their criteria, the study identifies key indicators and proposes a structured scheme for their application. The findings provide actionable recommendations for improving financial resource management, contributing to enhanced operational efficiency and strategic decision-making in public catering enterprises. These insights offer valuable implications for industry stakeholders and policymakers in optimizing financial practices.

Authors

Publication Details

Journal
American Journal of Economics and Business Management
Published
2024-12-04
DOI
https://doi.org/10.31150/ajebm.v7i12.3113
Primary Topic
Economic and Business Development Strategies
Type
article
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article

Development of a System of Financial and Economic Indicators Characterising the Efficiency of Public Catering Companies

Zaynalova K.N
American Journal of Economics and Business Management
Economic and Business Development Strategies
article

Development of a System of Financial and Economic Indicators Characterising the Efficiency of Public Catering Companies

Zaynalova K.N
article en

Abstract

This study examines the development of a system of financial and economic indicators to evaluate the efficiency of public catering enterprises, addressing the growing need for effective financial resource utilization in the sector. While previous studies have explored general financial efficiency, a gap remains in defining specific indicators tailored to public catering. The research aims to establish a comprehensive framework for assessing efficiency, emphasizing the optimal use of financial resources. Using a systematic analysis of financial performance metrics and their criteria, the study identifies key indicators and proposes a structured scheme for their application. The findings provide actionable recommendations for improving financial resource management, contributing to enhanced operational efficiency and strategic decision-making in public catering enterprises. These insights offer valuable implications for industry stakeholders and policymakers in optimizing financial practices.

American Journal of Economics and Business ManagementVol. 7(12)
Decent work and economic growth
Openalex Percentile: Top 72%
Economic and Business Development Strategies
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