Making Decisions Based on Demand

The objective of this report is to analyze the business situation wherein Domino 's operates in the market and to obtain an understanding on the strategic analysis tools that can be used to acquire a new competitive advantage against their major rivals such as Pizza Hut, Eagle Boys, La Porchetta, etc. The intent of the assignment is to learn the factors that caused increase in profitability and sales and defining the actions necessary to further improve the QSR segment rank.

Suppose Coles and Woolworths initially sell tomatoes @ $6 per KG. Woolworths lowers its 2price by $1 per KG so that its sales rise from 10,000 KG per week to 20,000 KG per week. This implies that at this stage demand curve is elastic for tomatoes; the 17% decrease in

* Correlation coefficient (R-squared) – This represents how well the independent variables (X) explain the response variable (Y).

Since the prices are higher in dinner menu, the elasticity of demand for dinner will be comparatively less elastic than the elasticity of demand for lunch menu. Since when there is a difference in the elasticity of demand in two markets say lunch and dinner market, a firm can charge higher prices in the market where the elasticity is relatively less elastic. Same has happened in the prices of Berghoff restaurant.

II. Explore the supply and demand conditions for your firm’s product. a) Evaluate trends in demand over time, and explain their impact on the industry and the firm. You should consider including annual sales figures for the product your firm sells. b) Analyze information and data related to the demand and supply for your firm’s product(s) to support your recommendation for the firm’s actions. Remember to

What is the r-value? Does the r-value suggest a positive or negative correlation? Is the correlation weak or strong? Looking at the significance value, is the correlation significant?

11. Using MINITAB run the multiple regression analysis using the variables INCOME, SIZE and YEARS to predict CREDIT BALANCE. State the equation for this multiple regression model.

the correlation is 0.668; the equation of regression is CREDITS=11.7475*AGE-174.356; the slope is 11.7475 which is positive; when the predictor variable AGE increase, the response variable CREDITS also strongly increase; for instance, when AGE increase by 1, the CREDITS will increase 11.7475. There are some outliers may affect the correlation. Based on the graphs and data above, we can find out a student who is older with a litter lower GPA, but has very higher credits; the student with higher credits also has high GPA.

Therefore the demand for the low-calorie microwavable food is inelastic. An increase in the price of the food will cause a decrease in quantity demanded. Income elasticity of the goods calculated is 1.08, which means that the good selected is a luxury good. Changes in income could also affect the demand of this product. The cross price elasticity is 0.005. Therefore the two goods can be considered as neutral goods. The advertisement elasticity is 0.08. This indicates that advertisement has an important impact on the sales of the product. Lastly, the microwave ovens elasticity is 0.05. This is a direct correlation as sales of microwave ovens increase; demand for of low-calorie microwavable food also increases.

If the price of graham crackers is $2.50 should firms raise or lower their prices if they want to increase revenue? Explain this in terms of elasticity.

The market studies consisting of the forecast of the estimated demand show that the pizza

Shipping cost at Junk Food Imports is a mixed cost with variable and fixed components. Past records indicate total shipping cost was $18,000 for 16,000 pounds shipped and $22,500 for 22,000 pounds shipped. If the company plans to ship 18,000 pounds next month, the expected shipping cost is:

Domino’s Pizza Inc. is a leading retailer of pizzas with about 12,000 stores as well as operations in 80 international markets. The company’s sales in 2014 amounted to $89 billion which was a significant success that earned that company Top 10 listing in the Entrepreneur magazine’s listing of great franchise opportunities. However, the company has in the recent times suffered a slump in sales owing to intensified competition and increased demand for healthy foods amongst its target market. The following is a review of the current challenges facing the company including recommendations for improvement in market communication for the company.

They have gone beyond being a popular pizza joint. They are a part of people’s everyday lives now. With their prompt service and the comfort of delivery they are much preferred over all other options. Quick lunches at work are often Domino’s. When dinners at home are boring, call up Domino’s. This is the reason why several offices and academic institutions have tie ups with Domino’s as their institution culture resonates with Domino’s offerings: YOUNG AND FAST. Here Domino’s either has their outlet in their premise itself or come-in on a weekly contract

When it comes to pizza, everyone has an opin ion . Some of us think th at our current pizza is just fine the way it is. Others h ave a favorite pizza joint th at makes it like no on e else. And m any pizza lovers in America agreed up until recentl y that Dom ino 's home-delivered pizza was amo ng the worst. The home-delivery market for pizza cha ins in th e United States is approximat ely $15 billion per year. Domino's, which owns th e largest home-delivery market share of any U.s . pizza chain, is find ing ways to innovate by overhauling its in-store transaction processing systems and by providing other us eful services to customers, su ch as its Pizza Tracker. And