08 May 2012 “Fast Food Nation”: A Critique The essay‚ “Fast Food Nation‚” is effective in persuading audiences to think before you eat. Eric Schlosser‚ a correspondent for the Atlantic Monthly‚ clearly has a point he wants to get across‚ but allows readers to make up their own minds. He provides many facts to back his point and has a willingness to present both sides of the issues. Schlosser is straightforward and clear in his writing. He also tries at times to make facts
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operating system is built on the characteristics of guaranteeing uniform quality and service and maintaining it remarkably consistent across all units. It mainly focused on factors such as providing customers with pleasant experience‚ fast service and tasty and inexpensive food. McDonald’s took several measures to ascertain consistency across units. In their ‘Speedee Service System’‚ they standardized their preparations methods by employing a combination of product specifications and customized equipment
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Introduction 3 Key Success Factors 3 Key Issues and Problem 5 Managerial Problem 5 Financial Problem 7 Analysis 8 Financial Analysis 8 Important ratios to notice 8 Current ratio 8 Quick Ratio 8 Cash Ratio 9 Cash and equivalents 9 Goodwill 10 Account Payables 10 Times interest earned 10 Debt Ratio 10 Net Working Capital Ratio 11 Return on Equity 12 SWOT Analysis 12 Strengths 12 Weakness 13 Opportunity 13 Porter 5 Forces 14 Competitors 14 Threat of Substitute 15
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There are fast-food restaurant advertisements on almost every street corner‚ trying to grab attention by billboards‚ commercials‚ sign spinning‚ and more. In the book Fast Food Nation by Eric Schlosser he begins to describe how the first two major individuals invented their now multibillion dollar companies which who were Carl Karcher and the McDonald’s brothers. First with Carl N. Karcher‚ who is the founder of what is now called Carl’s Jr. He was born in 1917 near Upper Sandusky‚ Ohio‚ where he
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home-made food has less attraction than fast food. A reason for this is that home-made food needs lots of time until it gets ready. For instance‚ people should wait for several hours in order to have a ready home-made meal. Another reason is that home-made food is less convenient than fast food. For example‚ you may not find all the ingredients you need in one grocery‚ yet you have to look in several groceries until you find all the ingredients. Home-made food is much healthier than fast food‚ and therefore
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For the complete study guide‚ visit: http://monkeynote.stores.yahoo.net/ Sample MonkeyNotes Note: this sample contains only excerpts and does not represent the full contents of the booknote. This will give you an idea of the format and content. Fast Food Nation The Dark Side of the All-American Meal by Eric Schlosser 2001 [pic] MonkeyNotes Study Guide by Laurie Lahey http://monkeynote.stores.yahoo.net/index.html Reprinted with permission from TheBestNotes.com Copyright ( 2006‚ All Rights Reserved
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negotiate prices with fast food restaurants. However‚ there is a large degree of internal rivalry in the industry‚ with a very strong cross-price elasticity present in the industry. This encourages low prices due to a strong degree of substitution and gives consumers back some power. 2) To what extent do purchase prices differ from those that would prevail in a market with a large number of fragmented buyers in which buyers act as price takers? a. Answer- In the fast food industry‚ buyers are
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KENTUCKY FRIED CHICKEN AND THE GLOBAL FAST-FOOD INDUSTRY Background of the Study During the 1960s and 1970s‚ Kentucky Fried Chicken Corporation (KFC) pursued an aggressive strategy of restaurant expansion‚ quickly establishing itself as one of the first fast-food restaurant chains in the US. KFC was also one of the first U.S. -food restaurant chains to expand overseas. By 1990‚ restaurants located outside of the U.S. were generating over 50 percent of KFC’s total profits. By the end of
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Fast Food restaurants have been around for many years and have developed over the time to meet consumer’s needs. The basic fundamentals of fast food have not changed; deliver food to customers as fast as possible. Eating fast food is something that I have not done in over four years. I decided to take a friend of mine to help me evaluate Burger King and McDonalds. Both of these restaurants are similar in many ways but also have many differences when it comes to taking orders. The production process
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introduced in Des Plaines‚ Illinois in 1955. It has grown strongly to become ranked number one in fast food service on the Fortune 500 list. In recent years the company has faced quite a few changes with changing CEO’s three times in one year. As of September 30‚ 2012‚ McDonald’s has 34‚010 restaurants in 119 countries. Due to increased competition‚ a failing economy‚ and a changing environment McDonalds reported a loss in sales. How can McDonald’s adapt to changing market conditions to sustain the
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