(3) there is discrimination against them in other areas of the city. Rents paid are a very high percent of peoples’ incomes. (a) Would the demand for apartments in this area be relatively inelastic or relatively elastic? State why. (b) Would the supply of apartments in this area be relatively inelastic or relatively elastic? State why. 1 (c) Draw the demand and supply curves as you have described them‚ showing the initial equilibrium price and quantity. Label carefully. (d) Now assume the government
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Review of China Buffet Restaurant I am a food lover‚ and I enjoyed eating in a Chinese restaurant. I tried different restaurants in our place‚ but what interests me most is the China Buffet Restaurant. China Buffet is located at Madison Avenue at the heart of Mankato‚ one of the biggest cities in Minnesota. The restaurant has a seating capacity of approximately 100 people. They have several food stations. Although the name China Buffet speaks for itself‚ their food stations consist of American
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WEEK 7: RESTAURANT INDUSTRY Q1. What do you expect to drive a company’s price-to-book equity and price-to-earnings equity? Price-to-book multiples are a function of future abnormal ROEs‚ book value growth and the organisation’s cost of equity * Future abnormal ROE: ROE less the cost of equity capital (ROE – re). Organisations with positive abnormal ROE are able to invest their net assets to create value for shareholders and have price-to-book ratios greater than one. * Organisations’
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Choose an advertisement of your choice and write your comments according to the following guidelines: 1. What is the main message of the advertisement? (20 marks) The main message of the advertisement is to maintain sales by as follow:- a) To introduce a new product like the Bubur Ayam McD (McDonald’s Chicken Porridge) . b)To announce the modification of the product package like the change of the price by using the McDonald’s coupon and the special offer available during the festival season
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Restaurant Customer Satisfaction Surveys Can Keep Your Customers Coming Back Keep your customers coming back and recommending your restaurant to others with help from restaurant customer satisfaction surveys. Restaurant customer satisfaction surveys give you quantitative insight into the opinions and attitudes of your customers. You’ll obtain facts about what they want‚ what they expect‚ and if they plan to return to your restaurant again. If results show that your restaurant does not meet your
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EVALUATING RESTAURANT Olive Garden One of my favorite restaurants is Olive Garden. Without going to Italy to taste their traditional food just come in to Olive Garden and experience the Italian food. They offer wide varieties of Italians food. While the restaurants are similar in the type of food they prepare the difference in their atmosphere‚ menu and services will assist the customers in making the big decision on which one they like to satisfy their appetite. Olive Garden is the
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English 1113 6 March 2011 Bones Restaurant Atlanta Georgia I am an avid restaurateur‚ as neither my wife nor I like to cook‚ and we are always seeking out new locations for great food. Recently‚ a fellowship opportunity opened up for Sara‚ my wife‚ in Atlanta Georgia‚ which has widened our restaurant selection from what we had here in Oklahoma City. Although there are many great restaurants here‚ none have the greatness that we have found at Bones Restaurant. Great Atmosphere‚ great food‚ and
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Balancing the human resources requirements of 152 restaurants across the country is now a whole lot easier for McDonald’s Restaurants New Zealand thanks to the recent adoption of Promapp – a unique online process management solution. The Auckland-based human resources team of McDonald’s deals with the daily people needs of the organisation and its 9‚000 employees nationwide. This includes providing HR support and guidance to individual franchisees and restaurant managers for a range of employment focused
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McDonald’s global marketing strategy. In particular‚ how does McDonalds approach the issue of standardization? As we read in the article‚ the key elements in McDonald’s marketing strategies would be the following: They sell inexpensive food. Compared to other restaurants‚ McDonald’s food has a good taste and is easily available for everyone economically. Another element would be their quick service. Since they are a fast food restaurant‚ one of their main standards is to attend and serve the customer
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exceptional. Toucan Charlie’s Buffet and Grille is definitely a restaurant I would recommend to anyone and everyone. Approaching the restaurant‚ the first thing that I immediately noticed was the theme‚ I saw palm trees standing up to the ceiling‚ rock walls and plants everywhere‚ this gave it a unique atmosphere. The second thing I noticed was that there was a line to pay and another line to be seated‚ instantly this showed that the restaurant was popular. After being seated‚ I was very surprised that
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