McDonald’s Philippines improves customer service via technology McDonald’s‚ as the world’s leading food service retailer‚ serves some of the world’s favorite foods - World Famous French Fries‚ Big Mac‚ Quarter Pounder‚ Chicken McNuggets and Egg McMuffin - in its more than 30‚000 restaurants in 118 countries‚ serving 46 million customers each day. Also‚ McDonald’s is one of the world’s most well-known and valuable brands. It holds a leading share in the globally branded quick service restaurant
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Study Aide and TIPS for Module 1-Written Assignment 3 Rubric for grading: M1-Assignment 3 Grading Criteria | Maximum Points | Points Earned | Correctly constructed the supply and demand graph. It is recommended that you use the EXCEL study aide I posted to do this. | 12 | 12 | Answered questions 2-5 correctly‚ 15 points each. | 60 | 60 | Answered question 6 correctly. | 8 | 8 | Wrote in a clear‚ concise‚ and organized manner; demonstrated ethical scholarship in accurate representation
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Case 1-2: “McDonald’s Expands Globally While Adjusting Its Local Recipe” Discussion Questions: 1) McDonalds has a mixed global marketing strategy that combines Globalization and the ability to act local. Globalization refers to developing a marketing strategy as if the world is a single entity and to sell the same product with same promotion‚ same packaging all over the world regardless of geographic‚ demographic‚ political‚ social and cultural differences. McDonald’s global marketing strategy
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Part 1: Suppose that the tin mining market is perfectly competitive. The market demand curve is given by D(P) = 300 – P‚ where D is measured in units per year‚ and P is measured in $ per units. There are many potential entrants into this market‚ all of whom have identical cost curves. These cost curves are summarized in Table 1 below: Table 1 Cost Curve Formula Maginal cost (in $ per unit) MC = 30. Fixed cost per year FC = 100. (Annualized) Capital charge CC = 100. Capacity (in units per year)
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When the market demand for dry bulk capsizes is high‚ carriers can demand higher spot charter rates. When market demand is low‚ carriers accept lower spot charter rates. Due to 63 new vessels scheduled for commission and imports of iron ore and coal projected to be stagnant‚ spot rate were anticipated to fall over the next two years. 2. What factors derive average daily hire rates? The daily hire rate is determined by supply and demand. Thus‚ we looked at the supply of capsize vessels
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surpassed the PC user base in India and very soon the Indian market will have more mobile users than TV viewers. The growing intensity of competition has led to more services for the end user at lower prices. This has had an effect of stimulating demand and thus increasing the category adoption rate. As more users have been added to the subscriber base‚ it has led to a further downward pressure on operator costs. This has led to further cost benefits to the end user‚ fuelling further
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The market supply and demand curve above shows the milk price support problem. In order to solve the milk surpluses in the market‚ the government should take the steps to increase the market demand to the milk products by exploring overseas markets. For instance‚ the government should export the milk surpluses abroad. This would cut the cost of storage for milk products and encourages the local dairy farmers continue in dairy business. b. The small dairy farmers would prefer the proposal 4
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elasticity of demand (PED) is the responsiveness of quantity demanded in relation to the price. Normally as price increases for an elastic good the quantity demanded will fall. This is affected by how many close substitutes there are for the good and if the good is a luxury good (jewelry) or a necessary good (food). If the price of a certain type of cheese increases‚ less will be demanded because there are many substitutes available such as other brands of cheese. The inelasticity of demand is applicable
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effectively utilized human relations skills in its ascent to the cream of the crop of the business world is McDonalds. The fast food empire has operated throughout the past several decades using numerous facets of human relations skills to achieve their immense success. There are many notable aspects of the company that human relations have played an integral role in shaping. McDonalds has been particularly keen in using human relations skills within their organizational structure‚ including in
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Aggregate Demand and Supply Model Economic Advisement With a nominal GDP estimated at more than 15 trillion it is clearly the United States economy is one of the largest in the world. A person must have lived in a cave underground for the past several years to not know that the current state of the nation’s economy is in desperate need of improvement. Many academic institutions have thought about how the economy arrived at its current state and how can it be restored. Some would advocate not using
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