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Many U.S consumers want their meals in a hurry, but with more service and higher quality food than in traditional fast food restaurants. The result has been the rise of fast casual restaurant chains, such as Daphne’s Greek Café, Boston Market, and panera Bread. The intent of fast casual restaurants is to deliver a quality home cooked meal, such as roast chicken and fresh salad and bread, in a comfortable setting, and quickly. Many consider the concept of fast food, and casual to be a major restaurant niche that will be as important as fast food, and perhaps even surpass it in the coming years. How are fast food casual restaurants positioned in the generic strategies matrix compared with the major fast food restaurants? Do you think this concept of fast food casual can be brought to countries outside of the United States and Canada where few such restaurants exist today? Be specific in your answer about what country you are thinking of and why the concept would or would not work in that country?
What would happen to the price and quantity demanded and/or supplied if the government, in its attempts to help the poor, implemented a price ceiling on gasoline? What is a price ceiling and how successful would the policy be? Why?
Joint output of individuals or nations will be maximized when goods are exchanged between parties in accordance with the law of "comparative advantage". An increase in consumer income will affect the supply of any given product. The production possib..
Identify a recent purchase in which the price of the product was an important consideration in the decision-making process related to purchasing the product. What other factors affected your decision? How important was your income as a factor? How im..
At what level must be a ceiling price imposed upon the monopolist's market to cause the monopolist to supply the efficient quantity supplied?
You are considering buying a piece of industrial equipment to automate a part of your production process. This automation will save labor costs by as much as $35,000 per year over 10 years. The equipment will cost $200,000. Should you purchase the eq..
It is a hot day at the beach. Ice water costs $2 per bottle and this is your only option. Your marginal benefit for water follows the equation MB = $10 - $x. x is represents the number of bottles of ice water you have had. So, for example, the margin..
Explain how do you think that these individuals would rank the utility of these same expenses for themselves. What reasons may account for the similarities and differences in the ranking of such expenditures by your neighbor, your friend, and your..
Fiscal stimulus to aid recovery from a recession will be most effective in the long run if______________
q.the manager of the aerospace division of general aeronautics has estimated the price it can charge for providing
How do we understand the state of the economy? What are the indications of the health of the economy? What is GDP? How do we measure GDP? What is the difference between Real GDP and Nominal GDP?
Teak Furniture Co. is considering a new three-year expansion project that requires an initial fixed asset investment of $2,640,000. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be wo..
Specifically describe how the size of the "float" (time it takes to clear a check from orignation through multiple banks) affects the money supply?
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