Nicholas Smith April 27‚ 2009 Principles of Economics Paper - The USA ’s Fast Food Industry Fast food restaurants represent one of the largest segments of the food industry with over 200‚000 restaurants and $120 billion in sales in the U.S. alone. Fast food restaurants‚ also known as quick service restaurants‚ are noted for their short food preparation time. Some of the largest players in this category include international giants like McDonald ’s and Yum! Brands‚ national chains such as Wendy
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and more international companies focus their global marketing strategies on the developing countries. This report will discuss the representative American fast food industry such as KFC and McDonald’s sets their successful global strategies in China and brings the changes of American fast food culture with Chinese characteristic. Chinese fast food market: The economic reform opened China market to the outside world and improved the standard of living of average Chinese people. In late 1978 china began
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Industry Analysis of the Fast Food Industry 1. A few of the chief economic and business characteristics of the global fast-food industry are as follows: In the market growth rate the expected food sales is predicted to increase by $208 billion by 2020 with us already being at $800 billion by 2001. Under entry barriers for the fast-food industry the main concerns would be the entry costs‚ location‚ capital cost‚ and licensing. For a business to have success they must have the right location. Under
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negotiate prices with fast food restaurants. However‚ there is a large degree of internal rivalry in the industry‚ with a very strong cross-price elasticity present in the industry. This encourages low prices due to a strong degree of substitution and gives consumers back some power. 2) To what extent do purchase prices differ from those that would prevail in a market with a large number of fragmented buyers in which buyers act as price takers? a. Answer- In the fast food industry‚ buyers are
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COMPETITION ANALYSIS Of MC DONALDS By Nihit Agarwal "Billions served." indeed. McDonald’s is the world’s #1 fast-food company by sales‚ with more than 30‚000 of its flagship restaurants serving burgers and fries in more than 100 countries” . Today‚ “McDonald’s operates over 31‚000 restaurants worldwide‚ employing more than 1.5 million people.” In terms of countries‚ it operates in more than 119 countries on six continents. 70% of the locations are run by franchises while the corporation
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Me film‚ in the America‚ one in four Americans visits a fast-food restaurant which makes McDonald’s serves 46 million foods everyday‚ and a person could easily find fast food restaurants within a mile. They found McDonald’s even at the hospital. In the film‚ ‘Super-Size Me’‚ the America is now become fattest country in the world‚ and the medical costs have doubled in the past five years. Also‚ in the another film‚ ‘Reaction of the film Food‚ Inc’‚ people are forcing to teach animals to eat corn even
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English 1A 15 October 2013 Why Fast Food is Unhealthy In today’s age of convenience‚ fast food needs no introduction. Everyone from a two year old to a sixty year old seems to be enjoying it. Why not? It’s delicious‚ it’s filling‚ it’s affordable‚ and available just any time of the day. What more can you ask for when you are living life in the fast lane? Well fast food all good tastes‚ except that it is not nutritionally balanced and‚ therefore‚ unhealthy in the long run if consumed on a regular
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Fast food chains have taken over America‚ but this is not a good thing. Obesity has become one of the biggest problems the United States of America. Anywhere from 25 – 30% of children‚ and 50% of adults are obese. Where does this obesity come from? Fast food chains with processed foods‚ “mystery meats”‚ and “sugar shocked” pops are major contributors to this widespread problem of obesity. What about this food is so bad for us? It is the trans fats that are in tasty products straight from our favorite
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Liz Chiocco EDF-255 Final Paper Fast Food in Schools 4/26/12 Buckley‚ Cara. "A Proposal to Separate Fast Food and Schools." New York Times [New York] 20 04 2009‚ n. pag. Web 26 April. 2012. . The author explores research done that suggests that the closer a fast food restaurant is to a school‚ the higher is the obesity rate of the children there. Eric N. Gioia is a city councilman from Queens and he wants to ban any fast food restaurants from opening within a tenth of a mile from any
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Caesars in Jackson Heights‚ Queens NY. First let’s look at the fast food industry as a whole. History of the industry The concept of fast food is inspired by ancient Rome‚ in which bread and wine were sold in street-side stalls. In early 20th century In the United States‚ fast food history is associated with the introduction of drive-in restaurants. Since then‚ US industry of fast food has come a long way to become the largest fast food industry in the world. One of the pioneers of this field is
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