(CRP1) MASTER OF GLOBAL BUSINESS (MGB) SCENARIO OF SMALL SCALE FOOD VENDORS IN SINGAPORE: A COMPREHENSIVE ANALYSIS Submitted By: Sai Priankaa Balachandran MMAY14CMM014 Shambhavi Gupta MMAY14CMM015 Prashant Singh MMAY14CMM012 Mentor: Irina Pisennaya Designation: Senior Manager S P JAIN SCHOOL OF GLOBAL MANAGEMENT SINGAPORE 1 COMPANY RESEARCH PROJECT (CRP1) MASTER OF GLOBAL BUSINESS (MGB) SCENARIO OF SMALL SCALE FOOD VENDORS IN SINGAPORE: A COMPREHENSIVE ANALYSIS Submitted
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customer satisfaction: A study of E-commerce systems in (city name) 9. Customer Delight in banking 10. To identify service quality gaps in banking sector: A comparative study of local and foreign banks 11. Effects of occupational status on women food buying and cooking behavior 12. Effects of employee smiling on customer satisfaction with the transaction in banks and cellular industry of (country name) 13. Effects of gender on family buying decision 14. Effects of recession on consumer
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Internal economies of scale arise when firms increase their scale of production. Hence‚ they incur lower average costs of production‚ either through specialization or other factors. When average costs fall‚ giving the price of the good to be constant‚ profit margins of these firms will be increased. Thus‚ the individual firm benefits from internal economies of scale. External economies of scale arise when all firms in an industry experience decreasing average costs of production‚ which can be
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Distinguish between diminishing returns and economies of scale (15 marks) In Business Economics‚ the short run is defined as the concept that within a certain period of time‚ in the future‚ at least one input is fixed while others are variable and the long run is defined as a period of time in which all factors of production and costs are variable. The law of diminishing returns is a short run concept‚ which states that increasing successive units of a variable factor to a fixed factor
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information about cost information and how it supports different managerial purposes and decisions. Cost information support different managerial purpose and decisions Program managers use cost information in making decisions to improve operating economy and efficiency. Cost information is used for several purposes like: • Budgeting and cost control: Cost information helps in reviewing budget for future. After approval and execution of budget‚ cost of information act as feedbacks to budgets
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Factors of fast food Success in the fast food industry requires mastery of different key competitive factors. Fast food entrepreneurs must emphasize on creating strong brand‚ improving operation efficiency‚ increasing speed and convenience. By paying attention and investing more on these elements of the business they can strengthen their competitive position in the market and make profit Branding KFC‚ Republic of Korea’s Lotteria‚ Jollibee are examples of extremely successful fast food branding
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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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4‚ 2013 The Causes for the Popularity of Fast Food Restaurants Brainstorming ~Modernization has come a long way. Many things evolve with it. This evolutionary process causes people to remain busy all through the rest part of the day. ~ The busy schedule leaves not time for making food either for breakfast‚ lunch‚ or dinner. ~ Restaurants offering fast foods. ~This problem triggered the popularity and rise of fast food restaurants. ~Fast food has never been an issue in the past since people
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that affects one’s health. In the 1950’s‚ the history of fast food started to boom and as cities and countries started expanding‚ populations began to increase. Long ago‚ tourist cities became more popular and news was spread around to find cheap inexpensive food. In 1916‚ the first hamburger joint was opened up in Wichita‚ Kansas known as White Castle. As the fast food industry started to become more popular‚ waitresses started delivering food to cars and then the modern version started to adapt to
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1.1 Chinese Traditional Food Culture Food is closely related to culture. Different nations create different food Cultures. So the food Culture has strong national characteristics and diversified idiosyncrasy. The global foods can be divided into two major systems of eastern foods and western foods. Among the eastern foods‚ Chinese food is one of the most representatives‚ of which the food way‚ the food culture‚ the development history‚ and the relative national conditions and customs
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