customers was treated less critical and vocal by the businesses and markets was treated just as dumping grounds for the products‚ however this situation does not prevail anymore because of the tremendous transformation happening in the retail food industry since last five decades. Today customers have more choices than ever before‚ through more diverse channels. Even the expectations of customer are higher than ever before. Companies who fail to leave up to the expectation are finding hard to get
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effects of the fast food industry. Eric Schlosser wrote the book “Chew on This” in 2006‚ to open oblivious people eyes and show them the truth about the fast food industry. The U.S Department of Health and Human Services should know how the fast food industries has a negative impact towards the community. They manipulate kids by using advertisements‚ violating animal rights and their is human health concerns we should be aware of. Animal cruelty in the fast-food industry is a common problem
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Micro vs. Macro Economics Micro-indiidual consumers/firms Macro-economic aggregates-GDP‚ inflations‚ unemployment Markets-opportunity for exchange 1) Opportunity Costs-value of the next best for gone alternative when a decision is made -all decisions involve an opportunity cost (assuming the firm operates efficiently) 2) Marginal Analysis-analyze situations involving incremental change -marginal: something is changing by a small amount (incremental/one-unit change) 3) Laws of supply and
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4 3.0 Impact of obesity issue toward fast food chain 3.1 Poor brand image…………………………………………………………………….. 4-6 3.2 Decline in sales………………………………………………………………………. 6 3.3 Pressure from activist and non-profit organisation…………………………………... 6-7 3.4 Increase of legal restriction on business activities………………………………….... 7-8 4.0 Response of fast food chain toward obesity issue 4.1 Provide nutrition information……………………………………………………….. 9-10 4.2 Provide new food choices and healthier ordering options………………………
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University of San Carlos College of Commerce P. del Rosario St.‚ Cebu City ------------------------------------------------------------------------------- An Analysis of the Philippine Fast Food Industry using Michael Porter’s Five Forces ------------------------------------------------------------------------------- Submitted to: Ms. Joyce Yang Submitted by; Group 9
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Indian ‘Ready-to-Eat’ Food Industry 1. Problem Identified 1.1 Problem Definition Indian lifestyle is undergoing a massive socio-economic change‚ which is also being reflected in food habits. Owing to this fact‚ India is experiencing a significant growth in the ‘Ready-to-Eat’ Food industry. The Indian ‘Ready-to-Eat’ industry is making a huge progress and Ready-to-eat foods market in India is expected to reach Rs 2900 Cr by 2015. The popularity of ready-to-eat packed food now is no longer marks
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Food processing involves any type of value addition to agricultural or horticultural produce and also includes processes such as grading‚ sorting‚ packaging which enhance shelf life of food products. The Food Processing sector in India is one of the largest in terms of production‚ consumption‚ export‚ and growth prospects. The industry added over INR 84‚000 Crore in the GDP (2012-13)‚ thereby constituting approximately 1.5% share in the GDP. It is estimated that in FY 2013-14‚ the value of processed
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the UK’s Fast Food Industry Executive Summary The food industry in the UK is a multi-billion pound industry that is mainly dominated by a few competitors such as McDonalds‚ Burger King‚ KFC and Subway. Most of the food sold in these fast food restaurants is unhealthy‚ which is becoming a huge concern as there are many people dying of obesity and other health related problems. This is one of the key social factors facing the fast food market at the moment. The fast food industry is a ‘red ocean’
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the macro-environment are the • political environment – changes in laws and government influence‚ • economic environment – buying power and spending patterns ‚ • socio-cultural environment – people component; age‚ sex‚ race‚ location ‚ corporate social responsibility‚ • technological environment – advances in technology changing how we communicate‚ and; • legal environment – societal values‚ perceptions‚ preferences and behaviors. Example of current major operational change or industry trend
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can actually be used to produce goods and services. 3 Explain the difference between macroeconomics and microeconomics. Give example of the areas of concern to each branch of economics. Micro: individual unit. Eg household‚ market‚ industry Macro: economic behavior of aggregate (national level) Eg national output‚ unemployment rates‚ etc. page 6 4 Explain why it is important for an economic model to be an abstraction from the real world. TO UNDERSTAND THE COMPLEXITIES OF THE REAL
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