In today’s society, the goal of eating local has blown up from across the country, or the world rather. Supporting the local movement not just benefits oneself, but the environment as well. The debate whether or not eating local is beneficial or necessary, comes down to the value of time and money. Many Americans go towards what's cheap and won’t hurt their wallet. However, they do not realize all the benefits of eating food grown and produced locally.
Nonetheless, McDonald's is still demonstrated in the speedy administration style and could impact Yum! Brands' purchasers to substitute to its items because of diverse costs and item offerings. On a more extensive scale, it is conceivable that shoppers may switch their inclinations and pay somewhat more for better quality sustenance at more costly eateries. At the flip side of the range, shoppers could spare more cash by cooking at home. These components rely on upon the condition of the economy and what individuals are willing to spend on sustenance.
Business is all about making profit and although the savings that the restaurants experience may not be passed to the consumers, I don’t not think it is unethical, I will consider it smart business. Persons might argue that the restaurants are selling a product under their brand although it is not truly theirs but the restaurant experience is more than just the food. As long as restaurants maintain the quality of the food provided, ensure that the cost matches the quality, and continue to improve service, I can support this initiative. Restaurant outsourcing can increase capacity since they are providing food faster which means that the customer turnover is higher, that is, they are serving more customers that they did before as customers seating time is reduced.
McDonald’s got a unique recipe which cannot be easily copied by its competitors. Only some people may knows about the secret recipe. The people who wanted this secret recipe information need to sign a confidentiality contracts. Besides that, economies of large scale and cost leadership are also core competencies of McDonald’s. McDonald as a company who enjoys economies of large scale, they can reduce their cost with the successful in large operations by making the product cheaper while maintaining its quality.
Similarly, the hectic lifestyles of individuals in some town and city increase the demand for appropriate fast food. This state presents the prospect for Arby’s to grow in those areas. However, advanced health consciousness might reduce demand but in the case of Arby’s it might not really affect them as they do provide healthy sandwiches and many other products, so this basically act as an advantage. Even so, the business can further keep improving the product quality. This side of the PEST analysis demonstrate that Arby’s can increase its business performance built on the effects of socio-cultural external factors.
1.0 Introduction- In a dynamic and innovative industry, people’s minds have been changed in the way they access information by social media. The term social media influences how individuals communicate due to the high quality connection of social media platforms. The restaurant industries adopting social media can market the business and its reputation along with business and customer relationship in order to generate revenue streams. With a number of new social media platforms with large customer base, social media is redefining marketing one-step at a time.
They do this because they are less likely to question anything or stand up against management, and they can pay them less because of that (Bavisotto). Sixty percent of fast food workers are under the age of 24 (Schmitt & Jones). Young people all over the United States are being taken advantage of and used to benefit of businesses. To be even more efficient fast food companies use preservatives, colorings, and flavorings in their food.
The consumption level In developed countries the major reason lead to food wastage is in consumption level. Most of the consumers have higher econmonic level, which can afford the higher food price, this make them having more choice during purchase, and buy more than lower income countries. (Parfitt et al., 2010) If the food has expired or rotten, they just throw out the food and buy again.
According to Wisnudewobroto (2011), KFC placed their products for high price but not overly high. However, to compete with other competitors, KFC trickle down their price for only the selected items during mealtime to focus on both middle and lower class people to penetrate both sides of the market. If the product price are too low, it might lead to customer perception that the food have a poor quality, while charging for the product too high price might cause customer to switch their preferences to other competitors. KFC also will take into consideration on the probable reaction from other competitors in the pricing
According to Wake Forest University of Medicine, when eating trans fats such as partially hydrogenated vegetable oil can accelerate weight. It’s not just the unhealthy ingredients that lead to obesity, the large portions play a large factor in your weight. Even though the meal might seem larger a customer will most likely eat as much as they could, disregarding the fact that they might be full. For instance, one might have half a burger left which is all of the calories that the customer would need, but instead the customer might finish the burger. The customer would double their calorie intake and would consume extra unhealthy ingredients.
Restaurant owners, facing a higher wage bill, would like to pass the costs on to their customers. But their customers are people whose incomes have not been affected much, if at all, by the higher minimum wage. So if prices at the restaurants go up, these people will buy less and the restaurants will now lose some profits. They may raise prices a bit, but not much. Whatever they do, the restaurant owners will have to, if you’ll pardon the term, eat some of the increased costs.
In his interview Pollan mentions, “not only do we need to spend more money on food, we need to spend more time on food”(6). This is a healthier option rather buying fast food or processed food at the store because there are ingredients in these foods that are not as safe for people to eat. Even though it is a quicker option that many Americans prefer, eating fast food is not beneficial for people in the long run. Pollan goes on to say “We have outsourced food preparations to corporations, by and large”(6). Food is not being prepared as often as was in the past and people are giving corporations their money by purchasing their processed food, which is why corporations are taking over.
Bias of Fast Food Chains “Fast food is popular because it's convenient, it's cheap, and it tastes good. But the real cost of eating fast food never appears on the menu.” (Schlosser). Many people favors several popular Fast food restaurants in a way that impacts others’ opinions about that specific restaurant. The bias of many media outlets mainly affects people negatively since the unawareness of credible information shapes peoples’ knowledge and opinion of fast food.
In 2015, Matt de la Peña, published the novel The Last Stop on Market street. The following year it received the Newbery Award, in order to receive such a honor the author and the book must stand apart from all other books. One of the reasons the committee for Johns Newbery Award loved his book, and stood out to them was because of the theme of the story. Peña overall theme in his story The Last Stop on Market Street was seeing the beauty in life and new perspectives.