A PROJECT ON “A STUDY ON CONSUMER PREFERENCES FOR McDonalds” SUBMITTED TO: SUBMITTED BY: Professor Bhavya Pandya-07 Dr. Sadia Samar Ali Ranjan kr. Mishra-57 DECLARATION We hereby declare that the project work entitled “CONSUMER PREFERENCES OF MC DONALD IN DELHI/NCR” submitted to the JK BUSINESS SCHOOL‚ is a record of an original work done by me under the guidance
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Financial Plan In financing any business the business owner must have a clear financial plan. A clear financial plan provides invaluable help in keeping a business focused and generating a profit. Without a financial plan it is impossible to know how the business is performing. In the Denny’s franchise agreement a potential franchisee must have a minimum net worh of €800‚000 of which €250‚000 must be cash. Denny’s insist on a clear financial plan so that they are satisfied that the potential
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throughout the organization for all of the staff along with coming up with a talent review procedure for all of the level positions in the company. Second on the list was generating and implementing a succession of three development programs. Once McDonald’ put their plan out for the development system back in 2001 for all the staff positions‚ they wanted to improve in the most serious areas. First area was placing emphasis on accountability; second step was to increase the difference in performance
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cycle position in the industry – mature stage TEMPLES Technology (+) – adding technology to make drive-thru‚ ordering and payment processes easier Economic (-) – GFC during 2008-2009 affected US and the rest of the world which led to the declines in consumer wealth and purchasing power‚ and a downturn in economic activity leading to the global recession and contributing to the European sovereign-debt crisis. This is reflected in the slower growth rates in the US and Europe market between 2009 and 2010
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community projects like education‚ healthcare‚ medical research and rehabilitation. Environmental Concern in General Environmental concerns have become important in recent years‚ with the wider impact of doing business increasingly recognized by consumers as a factor in their buyer behaviour. Responsible business owners should look for ways to minimize the environmental impact of their operations. Many businesses are the impact of their positive effect of a attitude is that it may prefer to
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competitive pressure and low consumer satisfaction. Looking at its financial performance in 2002 (Table A)‚ it can be observed that McDonald’s SG&A had increase disproportionately in Q3 which resulted in lower operating income. Even though McDonald prides its success in its simple formula QSCV‚ it was not performing up to consumers’ expectations (i.e. consumers perceived McDonald to be of lower quality‚ service and cleanliness as compared to other fast-food chains). Moreover‚ McDonald is also struggling with
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price menu items allow McDonald’s to survive when the economy is low as there are few economic situations where most consumers cannot afford McDonald’s. Massive buying power- 34‚000 locations allows McDonald’s to control pricing on its core menu items Highly trained management staff well versed in Customer service skills (hamburger University) Positive company social-image (Ronald McDonald House) Impressive core competencies in franchising and logistics Target market is children and teens Weaknesses Fast
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McDonalds has a wider variety here with products starting from as low as Rs 20‚ while KFC has not been able to match that . McDonalds has set up its own supply chain investing huge amount which leads to lower costs and prices. The USP of McDonald’s was cheap fast food‚ and the company’s signature product‚ the Big Mac hamburger was considered an American icon. rior to its launch‚ the company invested four years to develop its unique cold chain‚ which has brought about a veritable revolution in
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Peggy Sue Professor McIntosh English 101 4 November XXXX The Golden Arches Go Green: McDonald’s and Real Lettuce In recent years‚ the country has begun to take nutrition more seriously. While there are still those who choose to eat poorly‚ current studies and philosophies are swaying more and more people to eat healthily. For decades‚ McDonald’s has been known not as a place that reflects this health-conscious philosophy‚ but rather as a mecca of supersized indulgences‚ like the Double Quarter
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performance‚ distinctive competitive strategies and the high integrity of our people. Approximately 85% of McDonald’s restaurant businesses world-wide are owned and operated by franchisees .All franchisees are independent‚ full-time operators. McDonalds Vision Mission Statement and Values * Vision: To be the best & leading fast food providers around the globe. * Mission: To be the world’s best quick service restaurant experience. Being the best means providing outstanding quality‚ service
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