1. How do food trucks affect local production possibilities curves for the restaurant meal industry? Explain your answer and provide a correctly drawn and labelled production possibilities diagram to illustrate your explanation.
The food trucks affected the local production curves for the restaurant meal industry by drawing more customers to their food truck meal industry. The more customers the food truck meal industry have, the lesser the restaurant’s customers would have. Therefore, the restaurant’s customers would decrease as the food truck’s customers increases and the business will eventually fail. For example, if initially, the restaurant meal industry doesn’t have a competition with the food truck meal industry, they have 200 customers a day and 0 customers for the opponent. And when Bobby started his food truck business, he drew 120 new customers to his new food truck that attracted 50 of the customers from the restaurant. Another food truck joined, and the customers increased to 170. The more food trucks and the faster they evolve, the more customers would be attracted, consequently, 0 customers left for the restaurant meal industry—the business fails.
2. How has the proliferation of food trucks affected the supply of prepared meals and prices in local markets? Explain your answer and provide a correctly drawn and labelled demand and supply diagram to illustrate your explanation.
Like what Bobby Hossain do when he wakes up early in the morning, he goes to the
Q6: How much production fixed expenses should be allocated to 1 kg of "complete meal"? Give a specific number and your logic to support the
Imagine that you have decided to open a small ice cream stand on campus called "Ice-Campusades." You are very excited because you love ice cream (delicious!) and this is a fun way for you to apply your business and economics skills! Here is the first month's scenario--you order the same number (and the same variety) of ice creams each day from the ice cream suppliers, and your ice creams are always marked at $1.50 each. However, you notice that there are days when ice creams remain unsold but other days when there are not enough ice creams for the number of customers.
The table below presents data on the productivity of workers in a meat processing factory. The meat processing industry can be assumed to be competitive. Number of workers Quantity of meat processed per day (kg)
This paper is an analysis of Road King Trucks’ new project which is introducing a new product into its product line. I will decide whether run the project or not. Six issues will be discussed as follows 1) importance of energy cost; 2) project’s cash flows; 3) cost of capital; 4) choose an engine 5) evaluation 6) accept or reject.
Is there a way to estimate the cost of services and product to customers such that Stuart’s Branded Foods can be competitive in their market? Use the illustrations of the two customers to demonstrate your approach. What would be the selling price per kit or per cup for each customer?
The Meatpacking Factory is a case study involving the decision of a factory manager to let his Muslim workers observe their faith by taking breaks at sunrise and sundown during their holy month of Ramadan. James Windham, the factory manager, thought their request was well warranted and felt he should be considerate of the religious beliefs of his employees. There are about 100 Muslim workers which represents 20% of the employee population at the factory. To Windham’s dismay, the breaks began having a significantly negative affect on productivity due to the ever shifting sunset and sundown times. Trying to accommodate a constantly changing schedule left Windham struggling to nail down a
Chip opens the food truck, but his business doesn’t go as well as he had hoped. No one wants to try his food samples, never-the- less buy it. Everyone walks by the truck, and instead, they
4. What measurement scales would you have used on the survey that was part of the in-restaurant product tests?
C. Thesis statement: Popularity of the fast food are getting an increase due to easy and quick service, inexpensive meanwhile there are also consist of negative effects if the fast food is becoming more common in society.
Buying: is when retailers purchase a large quantity of the product while it’s available at a lower price–to-retailer (PTR). It is somehow problematic because retailers could either raise the price-to-customer (PTC) back to the regular price level after the intended period of the promotion and pocket the difference, or they could continue to sell the product at a lower PTC beyond the intended period and thereby condition customers to expect prices to remain lower.
A food truck is like restaurant on wheels. It has several distinct advantages over a traditional eat-in restaurant. A food truck can go to where the customers are. It has pretty low overhead, compared to a restaurant, and requires far less staff. However a food truck is still a business that requires a lot of work and attention- especially in the first couple of years. Food truck owners put in long days and have similar problems as restaurant owners, such as slow seasons, bad weather, and sluggish economy. Read on to find out how you can start your own food truck business.
Subway Sandwich, as presented in the Case Study presented in the Marketing Management MGT 551 class, is an undisputed market leader in a segment that is “firmly established as a nationwide food item for which there is plenty of room in all areas” (University of Phoenix, 2008). However, with a growing competition, changing consumer trends and increased product specialization, Subway’s real strategic marketing challenge is to be able to develop and maintain a differential advantage while sustaining sales growths and profitability.
The paper presents an analysis of the different factors influencing the restaurant industry and how these factors increase or decrease the demand for such services. The hypothesis that will be examined is that the performance of restaurants is mostly based on the type of food chosen by customers when they decide to go out for dinner, lunch, breakfast, or simply for a snack. What type of food refers mainly the nationality or concept of the food, (traditional American, Italian, Indian, Latin, or from any other type of culture). This factor is important because when customers go out to for dinner; they decide what to eat before deciding where to eat. That is why this factor is considerably important according to the hypothesis.
There are a plethora of setbacks being faced by Don Dursley in the development of his garden centre. Perhaps the most evident one is the problem of inventory management. Dursley insists that the weather is impossible to predict and plays a major role in determining inventory. The problem if determining adequate staffing is another obvious problem of Dursley. Even though there are 12 staff members working at the restaurant at lunch time, there are still long lines to buy food. Outside of the restaurant, Dursley needs the right mix of workers to respond to fluctuations in demand. The seating at Honeydukes is not ample to serve the amount of customers dining at the restaurant. The costs incurred in running the garden centre have escalated and have exceeded the revenue generated from its operations. Based on the assumption that public transportation is not allowed on the premises, Hogsmeadow is losing customers who do not have private means of transportation.