Introduction Strategies are important for all businesses, regardless of the products or services that they offer. Through strategic management and operations, companies are able to integrate new and effective means of running their respective businesses. In turn, these strategies results in an increased profit of sales, stable market position and greater levels of customer loyalty. In the fast food industry, businesses such as McDonald’s must establish certain business and marketing strategies.
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Loltttttttttttttttttttttttttttttttt t tt tttt ttt tt The bargaining power of buyers is low in the industry as well. McDonald’s, Burger King, Wendy’s, among others, are highly competitive with their product pricing as it stands. Price floors are already being experimented with through dollar menus at McDonald’s and Burger King, and 99¢ menu at Wendy’s, at which some of these companies actually operate at a loss for each sale from this value menu. Therefore, with low prices already established in the
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Fast Food Nation: The McDonaldization of Society The term McDonaldization was introduced by George Ritzer. According to Ritzer (1996), the term described a sociological phenomenon that he noticed in society. When the concept of the McDonaldization was first introduced, it was viewed as a process of rationalization. Rationalization is viewed as a means of substituting consistent rules for traditional rules. The aspects of McDonaldization centers on the belief that any task presented can be rationalized
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Burger King Clint C. Commander MKT/421 February 25, 2014 Rick Wirth Burger King Burger King is a fast food burger company that has had its good and bad days. 1974 produces a slogan now known as “Have it your way.” At this time with a 4% share of the market, they were getting blown out of the water. Burger King's new ideas to have the consumer have their burger done the way they want it, rather than a run of the mill burger. Early on in the 1980's Burger King had to consistently change their
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Marketing Research Assignment – Wendy´s Case Martin Meister – Boston University THE WENDY´S CASE A DEMOSTRATION HOW MARKETING RESEARCH AND ANALYSIS CAN HELP RESOLVING A MANAGEMENT DECISION PROBLEM Martin Meister – martinmeisterg@yahoo.com Boston University - MET AD 856 fall 2012 – Professor Vladimir Zlatev February 27, 2012 1 Marketing Research Assignment – Wendy´s Case Martin Meister – Boston University Table of Contents Introduction ..............................................
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TARGETING Burger King’s primary target customers were families where both partners were working. As the pace of American lifestyle increased, people did not find enough time to cook their meals. Because most of the fast food was quite tasty, cheap, convenient and readily available, consumers preferred them to regular meals. Even Children of up to 16 years of age played a major role and they were the secondary targets. They had the power to convince their parents to take them out to such fast food
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| 16 | 17 | 18 | 19 | 20 | 21 | | | | DISCUSSION & ANSWERS 1. By mid-2009, Burger King was not in any of the following five countries: France, India, Nigeria, Pakistan and South Africa . And comparing these countries as possible future locations for Burger King will be as according to me the first preference will go to the countries that have good amount of Non-Veg consumption in it. As Burger King is known for its Non-Veg products e.g. Beef and Hamburger and other beef products
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[pic] [pic] Charles Pae Quyen Nguyen Jamie Rodman Alexander Perry BSBA 3800 February 24, 2005 Executive Summary The business began with two brothers. In 1937, Dick and Maurice McDonalds opened a small drive-in restaurant east of Pasadena, California. They served hotdogs and shakes. This led to the creation of a bigger drive-in which operated successfully and by 1948, the brothers had a made a fortune they never expected. The brothers
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Communication Values and Ethics TARES TEST: FIVE PRINCIPLES FOR ETHICAL PERSUASIONS Persuasion is defined as methods used to influence attitudes, raise awareness, educate or influence behaviors’. While ethics (moral philosophy) is a subject that primarily is not concerned with increased profits or increased visibility. It is, rather, concerned with what one ought to do—or ought not to do. Thus, it’s easy to persuade others but it will be tough when once involve by the ethics. Ethical
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Read the attached McDonald's case and then answer the questions at the end of the case. You should answer each question separately. Discussion Questions 1.Update the sales and income information from the end of the case to the present (i.e.2002-2013). What are McDonald's sales trends? You need to analyze the financial information, not just report it. What are the reasons for sales growth or declines? (McDonald's annual reports, which can be found on their website, are a good source for this type
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