What Does It Mean?
Custom pricing refers to the practice of offering different pricing options to different customers based on their unique needs and circumstances. For restaurants, custom pricing may involve offering discounts to large corporate clients or negotiating special pricing for high-volume orders.
Why Is It Important For Restaurants?
Custom pricing is important for restaurants because it allows them to provide tailored pricing options that meet the needs of their customers. By offering custom pricing, restaurants can attract and retain customers who may have unique pricing requirements, which can help to build customer loyalty and generate repeat business over time. Additionally, custom pricing can help restaurants to differentiate themselves from their competitors and provide a unique value proposition that sets them apart in the marketplace. Finally, custom pricing can help restaurants to improve their overall business performance and generate additional revenue streams.