in the United state, fast food chains part of the material culture.what values do these fast-food chains reflect? what parts of our materials culture reflect the opposite values?
Sociologists would argue that everything about fast food restaurants, choice of diet, and habits of food consumption reflects culture, the beliefs and behaviours that a social group shares. Diet is a product of culture. It is a product of the different meanings we attribute to food and to the relationship we have with our bodies. The significant point is that while diet is a response to the fundamental conditions of biological life, diet is also a tremendous site of innovation and diversity.The popularity of fast-food chains in the United States reflects that Americans place speed, brand image, and convenience in a more important place than the normal routine needs of the life. They are more concerned about how they can be different ,attractive , so called branded etc and spend lots of money on it every year. This has become a part of their culture and hence it's nothing extraordinary for them as they have learned it from their parents itself .
in the United state, fast food chains part of the material culture.what values do these fast-food...
Question 1 The following excerpt provide a description of the strategy used by fast food chains in the U.S. to raise its sales A war is breaking out between McDonald's, Burger King, and Wendy'sand that's great news for consumers America's biggest fast-food chains are engaging in a new price war Wendy's just started offering a "4 for $4" meal that includes a junior bacon cheeseburger, four chicken nuggets, small fries, and a drink, all priced at $4. The Wendy's deal...
How do you define the fast food market? What market structure best describes the fast food industry? Why? Describe briefly what happened in the Fast Food industry until 2012. Which microeconomic/macroeconomic factors played a role? How did McDonald’s react to these influences? Describe the current state of the fast food industry, including macroeconomic indicators, such as unemployment rate, wage rate, etc. How does the fast food industry compare to the overall state of the economy in the U.S.? Which of...
Why is fast food bad for our health and what are some things that the fast food industry do to better our health?
Large fast food chains use plastic straws which are harmfull to the environment. What particular market failure is present (externality, incomplete information, public good, or market power)
Gwynnie Pie Company makes dessert pies for national fast food chains. Gwynnie Pie Company is considering using ABC costing and has the following activity cost pools and information available: Activities Estimated Overhead Costs Estimated Activity Material handling measured by batches $251,000 2,000 batches Mixing measured by batches $111.000 2,960 batches Packaging measured by units $78,000 1.950.000 units Maintenance measured by # of setups $15,000 260 setups Gwynnie Pie Company currently uses a plantwide overhead rate based on total estimated machine...
Gwynnie Pie Company makes dessert pies for national fast food chains. Gwynnie Pie Company is considering using ABC costing and has the following activity cost pools and information available: Activities Estimated Overhead Costs Estimated Activity. Material handling measured by batches $251.000 2,000 batches Mixing measured by batches $110,000 3,520 batches Packaging measured by units $72,000 1,800,000 units Maintenance measured by # of setups $15,000 260 setups Gwynnie Pie Company currently uses a plantwide overhead rate based on total estimated machine...
Accuracy in taking orders at a drive-through window is important for fast-food chains. Peri- odically, QSR Magazine publishes "The Drive-Thru Performance Study: Order Accuracy" that measures the percentage of orders that are filled correctly. In a recent month, the percentage of orders filled correctly at Wendy's was approximately 86.8%. Suppose that you go to the drive-through window at Wendy's and place an order. Two friends of yours independently place orders at the drive-through window at the same Wendy's. What are...
Gwynnie Pie Company makes dessert pies for national fast food chains. Gwynnie Pie Company is considering using ABC costing and has the following activity cost pools and information available: Activities Estimated Overhead Costs Estimated Activity Material handling measured by batches $253,000 1,840 batches Mixing measured by batches $117,000 2,080 batches Packaging measured by units $76,000 1,900,000 units Maintenance measured by # of setups $15,000 260 setups Gwynnie Pie Company currently uses a plantwide overhead rate based on total estimated machine...
Many fast food restaurant chains like McDonalds and others have some stores which are directly owned by the company (McDonalds) which hires a manager and staff to manage the restaurants, and some stores that they sell a franchise to an outside company/individual who operates the restaurants and pays the company (McDonalds) a franchise fee and keeps the rest of the profits. The franchise fee will have to be paid no matter what the profits of the restaurant may be. (a)...
When it comes to Porter Analysis, of fast food industry,(McDonald's for ex)would bargaining power be high for end consumers because of low switching costs or many substitute choices. OR would it be low because they can't really bargain with the fast food prices to lower anything, after all the individual customer is not the main source of income for these fast food chains because they depend on millions of customers? I getting told different things, what is it to have...