Essay About Fast Food Industry

The Fast Food Industry The fast food generates revenue of over $570 billion and it is bigger than the economic value of most countries. The industry is expected to have an annual growth of 2.5% for the next several years. There are many fast food industries in the Philippines and most Filipino eat at one of them every day. The fast food restaurant employs more people because the business needs a lot of employee to make the serving fast for the food. Consumers of fast food usually focus on taste, price and quality in what they order. The fast food restaurant focuses on the consistency of the taste, experience, and affordability and speed. The fast food restaurant are known to customers to order food at the counter and then take the food out

Many people grab fast food on the way to school, work or to another destination. The faster a restaurant can serve the ordered food, the happier the customer is. Location in a fast food industry is about convenience and accessible to the consumers. The fast food industry should be located in a high foot traffic area or high traffic area to have the people go to your place. The location of a fast food industry is important because such fast food restaurant with a good location gain profit because consumers on a busy place tend to buy from the restaurant with no planned to go there. Consumers tend to have an impulse buying when the fast food restaurant is in a good location because they would see it as convenient. The fast food restaurants run on thin profit margins and make their money by selling lots of food products. In a fast food industry, to have an efficient business, the industry should minimize food waste and hiring an employee with a minimum wage. The employee turn – over rate in a fast food industry is high so the training of the employee should be standardized and effective. Functioning in a fast food industry is critical because if the business spent on unnecessarily product or operations this would cause to subtract to the profits of the fast food