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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offer less health risks from over consumption. Customers are also eating out less then before due to our nations recent recession. Customers are also choosing to eat at restaurants that have nicer dinning areas they might cost more then place like McDonalds but deliver food about as fast. These changes in society‚ and consumer tastes‚ and preferences have impacted the way McDonald’s has had to adjust marketing‚ restaurant designs‚ efficiency in processes. This has impacted McDonald’s sales as well
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McDonalds and Wendy’s 1. Think about demographic and sociocultural trends and changes and explain how each organization’s interpretation of these trends and changes has affected its choice of strategy? McDonald’s has recently had to dramatically change their marketing strategy due to social pressures. On Tuesday Nov 14‚ 2006 it‚ along with 9 other companies that make up about 2/3 of child-targeted food and drink marketing agreed to self-regulate’ their advertising in response to health trends
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Strategic Profile The internationally known golden arches of McDonald’s were born in 1948 when the McDonald brothers of San Bernardino‚ California opened the first McDonald’s restaurant . The original restaurant provided the theme of hamburgers‚ fries and milkshakes that has become a staple of Americana fare. Later in 1961‚ Ray A. Kroc bought out the McDonald brothers and started to sell the restaurant franchises. Currently‚ McDonald’s has grown to over 34‚000 locations in over 118 countries
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Schanzmeyer 14-Sept-09 McDonalds Corporations is one of the largest and most globally recognizable brands and serves nearly 47 million customers daily. MCD operates in more than 118 countries and as of yearend 2008 had over 31‚000 locations worldwide. McDonalds operates the majority of the restaurants through franchising agreements and in 2008 only 6‚502 were ran by the corporation. MCD is headquarter in Oak Brook‚ IL and employs over 400‚000 people worldwide. McDonalds was founded in 1948 by Dick
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McDonalds has one of the largest chain of restaurants worldwide‚ but the other world renowned food chains who cut come as competition for McDonalds are Burger King Corporation‚ Yum Brands – parent company of KFC‚ Starbucks and the other local burger cafes. Burger King has over 11‚500 outlets worldwide which means that they are geographical diversified‚ they are globally renowned for its slogan “Have it your way”‚ and most importantly they serve burgers and a variety of side dishes which are not
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are bombarding the consumers with advertisements in the daily life. For instance one thousand and two hundreds of advertisements are aired per day on a channel in Germany. Products with no name and no specific producer have almost no chance in an environment like this. Although consumers say that they are not affected bu the advertisements‚ they still prefer the brands they heard before or seen somewhere. They prefer the brands they recognize. How do the consumers recognize the brands? They are always
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Wright‚ Graham and Aleke Dondo. “’Are You Poor Enough?’ – Client Selection By Microfinance Institutions.” Microfinance- Evolution‚ Achievements and Challenges. Ed. Malcolm Harper. London: ITDG‚ 2003. 142-149. Yunus‚ Muhammad. Banker to the Poor: Micro-lending and the Battle Against World Poverty. New York: Public Affairs. 1999. 71
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Dillon mundy Mr.Varner Composition 1 11/4/21 “Working at McDonalds” Amitai Etzioni In the passage “Working at McDonalds” by Amitai Etzioni he starts off by stating that “McDonalds is bad for your kids”. He doesn’t feel this way because of the food‚ but instead of the mass production jobs they offer our youth. He says studies show two thirds of high school students have part time jobs in the food chain business‚ and McDonalds is the pioneer‚ trend-setter‚ and symbol. Amitai states that of
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competing for the Same customers ’ everyday. II. Main Idea: A. McDonalds is one of Wendy ’s largest competitors that is competing for those same customers everyday. 1. McDonalds is one of the most world wide known places on the planet. A. McDonalds focuses more on the children than does Wendy ’s B. McDonalds also has a very good breakfast menu. C. McDonalds serves 46 million people per day in 30‚000 different restaurants. D. When McDonalds is closing it down for the night‚ Wendy ’s is still going
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