"Explain the causes for the popularity of fast food restaurants" In this modern lifestyle the popularity of fast food restaurants are growing every day. Fast food restaurants have appeared in large quantities all over the world and these restaurants have become more popular‚ because fast food can be prepared and served very fast. Jessica Williams (2007‚ p. 216) finds that “Fast food restaurants were firstly appeared in Unites States in the 1940s. Today there are hundreds of thousands of them.
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Today‚ fast food restaurants have appeared in large quantities all over the world. Many fast food companies all have business everywhere such as McDonald’s‚ KFC and Burger King. Variety of people‚ especially the youths‚ prefers to eat fast food than cook at home. Absolutely‚ fast food is convenient for people’s lives‚ and has become popular in the world. However‚ fast food is making the world unhealthy and impatient. The appearance of fast food restaurants represents the fast pace of the world’s
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Reporting For Fast-food Restaurants Why do Fast-food Restaurants do Reports? - 25 Fast-food restaurants generate reports to provide information to the team members about the status and progress of the team and the business. Reports for fast-food restaurants contain essential data about the team’s performance and activities‚ including achievements and issues. The team’s accomplishments establish the team’s breakthrough within a specific time frame‚ allowing them to determine where they are in the
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Economies of scale The long run – increases in scale A firm’s efficiency is affected by its size. Large firms are often more efficient than small ones because they can gain from economies of scale‚ but firms can become too large and suffer from diseconomies of scale. As a firm expands its scale of operations‚ it is said to move into its long run. The benefits arising from expansion depend upon the effect of expansion on productive efficiency‚ which can be assessed by looking at changes in average
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ECONOMIES OF SCALE Economies of scale are basically the increase in efficiency of production as the number of goods being produced in a firm increases. Typically‚ a firm that achieves economies of scale lowers the average cost per unit through increased production since fixed costs are shared over an increased number of goods. Fixed costs are those costs of production that do not change when output changes. There are two types of Economies of Scale: Internal economies External economies Internal
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Economies of scale Definition Reduction in long-run average and marginal costs‚ due to increase in size of an operating unit (a factory or plant‚ for example). Economics of scale can be internal to a firm (cost reduction due to technological and management factors) or external (cost reduction due to the effect of technology in an industry). Diseconomies of scale Definition Increase in long-term average cost of production as the scale of operations increases beyond a certain level
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Nowadays when teens are job hunting‚ one of the first places they go to are fast food establishments. Some may say this is an excellent way for teens to start off as they prepare for their lives in the real world‚ however not all agree. Amitai Etzioni the author of the article “Why Fast-Food Joints Don’t Serve up Good Jobs for Kids” argues that these corporations offer very little‚ if any‚ positive feedback or any useable knowledge and are basically just plain bad for these adolescent teens. As
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ECONOMIES OF SCALE When a firm moves from small scale to large scale production‚ the average cost of production of each unit falls. The reasons for which this happens are known as economies of scale – they are the benefits which result in the cost savings of large scale operations which come about when a firm expands. In other words‚ economies of scale are advantages reaped by firms engaging in large scale production. There are two types of economies of scale. They are: * Internal economies
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Economies of scale are the cost advantages that a business can exploit by expanding their scale of production. The effect of economies of scale is to reduce the average (unit) costs of production. Economies of scale‚ in microeconomics‚ refers to the cost advantages that an enterprise obtains due to expansion. There are factors that cause a producer’s average cost per unit to fall as the scale of output is increased. "Economies of scale" is a long run concept and refers to reductions in unit cost
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entry in an oligopoly is economies of scale. Economies of scale generally refer to the cost advantages that will be associated with large organizations. Margaretta (2012‚26) suggests that companies pursue economies of scale in the belief that this will be decisive in determining a competitive advantage and increased profitability. Woolworths enjoys significant economies of scale in relation to its competitors. In the supermarket industry‚ benefits of economies of scale is usually achieved by buying
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