Question

i need a report of 1000 words, about popeyes chicken sandwich, there is a big story behind that, i need a report based on economics basis, showing the affect of running out of this item on the demand and supply, and the effect on the general market.

in managerial economics, we've been asked to write 1000 words about economic news trend, and i found that it is easier to write about popeyes chicken sandwich, they sold out of the item after a week of selling it, and people are willing to buy more and more. they didn't expect that they will sell as much as that, so we need to write a 1000 words about it and in economic basis showing the demand and supply and how they are affected.

Answer 1

Strong economies and and tight labor markets put strains on the fast food companies. The social media frenzy over the new chicken sandwich at Popeyes shows the success of one classic play: introduce an iconic new menu item, and charge for it.

It has been so popular that restaurants are selling out of food. The New Yorker magazine also declared that "The Popeyes Chicken Sandwich Is Here To Save America". For this we need to thank the new consumer economy. The fast food industry is very responsive to consumer tastes and budgets because it's so huge and price competitive. When times are bad, fast food companies don't have to worry about rising food or labor costs, but at the same time their customers are on tighter budgets, so value menus and promotions might be the order of the day.

rising prices on existing menu items can help maintain profit margins, but go too far and consumer might revolt. A different kind of inflation is introducing new product offerings (at higher prices) to woo existing or new customers.

These two dynamics- the fast food industries need to find a new source of profits in a good economy with growing cost pressures, and the industry's reputation as bad actor in the obesity crisis- provide the backdrop for the product launches the industry has produced.

The Popeyes Chicken Sandwich isn't trying to be bigger or cheaper, the hook is really about it trying to be a better chicken sandwich than Chick- fil- A by featuring a brioche bun, a full layer of pickles, and either a spicy cajun spread or mayonnaise. while the nearest Chick-fil- A to me sells its chicken sandwich for $3.49, the Popeyes one is 14% higher at $3.99.

It has been therefore concluded now that High- quality breaded chicken sandwiches could be the industry's new cash cow.