4. Is the job in fast-food restaurant exploitative? It yes‚ in what sense it is exploitative? Please also take into consideration the implementation of minimum wage when illustrating your argument. Introduction Exploitation is a term to describe person that are being mistreated. Karl Marx used it to explain the relationship between the capitalists and workers. It is claim that the value of a product is depended by how much labor has paid on it such as time‚ energy or ideas. Therefore the price
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"Explain the causes for the popularity of fast food restaurants" In this modern lifestyle the popularity of fast food restaurants are growing every day. Fast food restaurants have appeared in large quantities all over the world and these restaurants have become more popular‚ because fast food can be prepared and served very fast. Jessica Williams (2007‚ p. 216) finds that “Fast food restaurants were firstly appeared in Unites States in the 1940s. Today there are hundreds of thousands of them.
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Porter’s Five Forces analysis Except for the PEST model‚ Porter’s five forces model is also an important tool to do an external appraisal. The difference between those two models is that they apply to different levels of the environment. For example‚ PESTEL model is used to analyse the macro-level factors‚ which impacts almost all industries within this broad environment; however‚ Porter’s five forces model is more focused on the specific industry that the company is operating in. Porter’s five
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the popularity of fast-food restaurants In 1972‚ United States spend three billion dollars on fast food‚ but in 2010 this number change to $165.000.000.000. Only Mc Donald’s feeds more than 46.000.000 person every day. Fast-food chains spend big amounts of money every year on publicity to give people the option to have a quick meal for a low price. People do not care if what they are eating is healthy‚ because they are too busy working. The popularity of fast-food restaurants has grown in the last
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professeur in Harvard Business School developed a popular model that is still used today to develop strategies that increase companies’ competitive edge. These are commonly known as the Five Forces that demonstrate how information technology and information systems can make a company more competitive. One of the forces was the bargaining power of suppliers in the market. In the renewable energy industry the suppliers don’t have as much bargaining power today as they did in the past as the number of
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The popularity of fast food restaurants is growing every day. The popularity of fast food restaurants is growing because of three main causes: the low cost‚ the fast service‚ and how fast food restaurants are available anywhere. The most evident advantage of fast food is than it saves time. In today’s fast-paced life‚ there is nothing better than getting a ready meal. No matter how much the chefs praise the benefits of fresh food‚ at the end of a hard-working day‚ when one returns home all tiered
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24 | Figure 4.2 4.3 Familiarity of various fast food restaurant brands Table 4.3 | | Frequency | Percent | Valid | KFC | 28 | 28.0 | | McDonalds | 23 | 23.0 | | Dominos Pizza | 13 | 13.0 | | Pizza Hut | 17 | 17.0 | | Cafe Coffee Day | 19 | 19.0 | | Total | 100 | 100.0 | Figure 4.3 Interpretation: From the above study on the familiarity of fast food restaurants‚ we can see that KFC has the highest familiarity (28%) and McDonalds
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Michael Porter five force analysis for Essar Oil Limited Threat of new entrant Oil and Gas is a highly capital intensive sector. Huge investments and long gestation periods characterize every component of the value chain right from exploration and production to refining to retailing. The investment required runs into billions of dollars. The oil prices are also quite volatile and the industry also faces high geo-political risk. Taking these factors into consideration the entry barriers are quite
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Individual Assignment Question 1 Word Limit : 1000 words In about 1000 words‚ highlight importance of conducting environmental scanning for a business organization. Question 2 Word Limit : 1000 words Conduct a detailed SWOT and Five Forces analysis for a business organization that you are familiar with in about 1000 words. Importance of Conducting Environmental Scanning for a Business Organization The success of certain organizations depend
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The model of five competitive forces of Porter describes the competitive system in which the company operates. The competitive structure of a sector therefore depends on the simultaneous interaction of the 5 competitive forces that are: 1. Intensity of competition between firms in the same sector; 2. Bargaining power of suppliers 3. Bargaining power of buyers (customers)
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