the country has favorable demand environment for the fast food industry in Asia. Although China and Singapore’s economies grew at seven and ten percent‚ respectively‚ within the last year‚ the former is too undeveloped for a company with no operations in Asia and the latter represents a market that has been saturated. Ranking fifth on GNI per capita is a double-edged sword. On the one hand‚ Korea only ranks behind the countries whose fast food industries have already matured and thus showing that
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I) Emergence The fast food culture emerged as early as the 19th century. During the Industrial Revolution‚ a large workforce was required to work for 10 to 12 hours a day. With so much work to be done‚ fast food was the idea of a quick and easy lunch. In India‚ fast food culture emerged in the decades after independence‚ starting from the 1950’s. Eating at home used to be a significant aspect of Indian culture‚ so the change was gradual. Over a period of time‚ with a growth in the number of nuclear
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4 2. PRODUCT 5 a) Dimension and focus 5 b) Aspects of differentiation and product quality 6 c) Product Portfolio 6 d) The Brand 7 3. PLACE 9 a) Commercial distribution concept 9 b) Logistics 9 c) The supply process 10 d) Intersuppliers 10 e) Points of Sale 11 4. PRICE 12 a) Price concept 12 b) Pricing strategy 13 c) Determinants of pricing strategy 14 c.1) Costs 14 c.2) Market and Demand 14 c.3) Competition 15 5. PROMOTION 17 a) Advertising
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customer in choosing the fast food outlets‚ entering into the market with new products‚ determining the buying pattern of the consumer and finding new ways or assessing the ways to promote the outlet. These are the objectives of the paper. This paper finds and analyses the important factors influencing the sponsorship of a new fast food outlet. These factors will be determined through the detailed survey methodology. Initially the factors for consideration of new fast food outlet will be highlighted
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Fast foods have become a common trend amongst many individuals. Most people would always say they don’t have time hence opt for fast foods. With the advancement of modern technology these foods are made in way that leaves questions unanswered. Despite research showing organic food such as meat and poultry serve better nutritious supplements‚ most people tend to rely on fast foods such as vanilla and‚ barbecue more so in U. S. A. (Alexander‚ 22). There are some negative aspects pegged to modern
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likely to be high. Considering McDonald’s competitive rivalry‚ there is intense competition in fast food industry that many small fast food businesses fight with each other to improve their customer base. This makes a competition the major focus between businesses. Although‚ McDonald’s‚ with more than 32‚000 local restaurants serving more than 60 million people in 117 countries each day‚ has a number of fast food outlet competitors across the countries such as Burger King‚ Taco Bell‚ KFC‚ Wendy’s‚ it is
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DISADVANTAGES OF FAST FOOD Fast food is pretty controversial. It has some advantages like saving time and money‚ but also some drawbacks‚ most of them related with one’s health condition. The popularity of fast food is on the rise in more and more countries of the world. Many people consider it a convenient source of food especially given the fact that the modern man is always in a hurry. This type of food is prepared and served very quickly and it can be excellent for busy people or for single
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FAST FOOD RESTAURANT CHICKEN EXPRESS CONTENTS Executive summary i Objective 1 Mission 1 Key to success 1 products 1 Competitive Comparison 1 Market Analysis Summary 1 Market Segmentation 2 Main competitors 2 Pricing strategy 2 Sale strategy 2 Publicity 2 EXECUTIVE SUMMARY: Chicken express is a restaurant that specializes in providing its customers a fresher alternative to typical fried fast-food products with the convenience of fast-food with rapid response
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effects of fast food choices and the amount of harm that can be caused to your body. Fast food restaurants should be required to serve healthier foods for these four reasons: people constantly on the go and in a hurry who need a meal quick should not have to settle for a greasy unhealthy meal; high school students who attend open lunch need healthier alternatives they can buy; the more fast food chains that provide healthier foods would encourage other restaurants to sell healthier foods causing people
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Fast Food Market Market Overview: Fast food as defined by English dictionary is cooked food sold in snack bars and restaurants as a quick meal or to be taken away. Fast food is any food that can be prepared and sold within a short span of time. Thus‚ fast food industry is composed of all those food outlets that serve preheated or precooked food. Fast food market is the sale of eatables (food and drinks) for immediate consumption either on the premises or in designated eating areas shared with
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