“We are in the business of selling burgers” is the mission statement of Five Guys Burgers and Fries. It is as simply stated as their menu. Jerry Murrell, owner and founder of Five Guys, believed that delivering the finest, freshest food would attract customers. The company does not entertain mass media commercials, but relies more on word of mouth advertising. All hamburger meat is fresh, never frozen, all buns are delivered each morning, and every hamburger is prepared fresh for each customer.
A large cafeteria housed on the ground floor. BSB Inc. has been operating the campus food servicer for the past 10 years. Kershaw has been in this university for 18 months. In response to the market survey Kershaw decided expand the menu at the grill to include pizza. Existing personnel was trained to make pizzas.
In 1998, sandwiches were improved and introduced again in six different varieties and was named "Tim's Own". In 1990’s, bagels, flavoured cappuccino, Café Mocha, and iced Cappuccino were also introduced in the years 1996, 1997, 1999 and 1999 respectively. The Maple Pecan Danish and Bacon Club sandwich were added to the menu successfully in 2003. Tim Hortons also introduced Cinnamon Roll, Hot Smoothee and Yogurt & Berries to the menu in 2005. Appreciable new products such as hot Breakfast Sandwich and Chicken Salad Wrap were included in the menu in 2006.
A test of the statistical significance of the independent variable and the regression equation will also be done to indicate whether to open the pizza shop or not. Also, a forecast for the demand of the pizza will be done for the next four periods using the regression equation (McGuigan, Moyer, & Harris, 2011). Finally, based on the forecasted demand, a decision will be provided with rationale and support whether to open a pizza business locally or not. Part 1 Estimated Regression | The Pizza Company | Market | Demand (Q) | Price (P) | Competitor Price (Px) | Advertising (Ad) | Income (I) | 1 | 596,611 |
Running Head: JULIA’S FOOD BOOTH 1 Julia’s Food Booth MAT 540- Quantitative Methods May 30, 2014 JULIA’S FOOD BOOTH 2 A. Formulate and solve a linear programming model for Julia that will help to advise if she should lease the booth. This problem includes three decision variables that represent what Julia is going to sell in her concession booth. * X1= Pizza slices * X2= Hot dogs * X3= Barbeque sandwiches The objective function is to determine how much money Julia is going to make during the first game (maximize profit) and if it is over $1000 that it will be worth her time to open up the concession booth. Profit is calculated for each variable by subtracting the cost from the selling price. The profits for the variables are calculated in this method: * Pizza slices- Cost per slice = $6/8= $.75 per slice so the profit is calculated $1.50 (selling price) -$.75 (cost) = $.75 profit.
JULIA’S FOOD BOOTH (Week 8, Assignment 1) Presented to: Dr. Kim Course: MAT 540 – Quantitative Methods Submitted by: F. Dahir Date Submitted: 09/09/2014 Assignment #1: Case Problem "Julia's Food Booth" A. Formulate and solve an L.P. model for this case. Identify the variables: P – Pizza Slices H – Hot Dogs B – Barbeque Sandwiches The objective is to maximize total project. Profit is calculated by subtracting the cost from the selling price. It was determined that the cost for hot dogs was $0.50 and barbeque sandwiches was $1.00. To determine the cost for the pizza slices, cost/slice = $6.00/8=$0.75.
Working people constantly rely on high-calorie fast foods for lunch breaks or as a quick substitute for a meal for themselves and even the family. Whole Foods found a solution for their problems, through already prepared food. Their, “Whole Kitchen™, Whole Pantry™,” has already prepared meals from entrees, to appetizers, to desserts that are quick meal solutions. With the same quality as any of their other foods they allow for each customer to pick and choose a meal that is delicious with little to no time involved. If you find you have little time in the market but more time to cook the meals, monthly broachers put out by the company offer simple recipes that include all the ingredients and cooking or baking instructions.
• Operating systems. • Unit location strategy. • The ability to be able to compete successfully in five submarkets of the food-away-from-home industry: breakfast, lunch, daytime “chill out”, light evening fare for eat-in or take-out, and take-home bread. • Vertical integration in its fresh bread unit which supplies dough to all Panera Bread stores, both company-owned and franchised. • Versatile menu options: menu offerings changed according to consumer preferences, and seasons of the year.
The meat for the burgers is eighty percent lean, is always fresh and never frozen. Five Guys use only high quality ingredients such as peanut oil, Idaho potatoes, homemade grilled buns and fresh meat. They use special technique to prepare French fries, which is not frozen. All this factors make their burgers pricy, depending on what the firm has to pay for its ingredients, compare to other’s fast food chains like McDonalds, Burger King and others. For example, McDonalds’ philosophy is based on value and price more then on quality, they are providing fast service and affordable prices.
Taco Bell Benefits Comprehensive Benefits Package is offered to all Taco Bell employees. * Employees start with 3 weeks paid vacation * Full-time employees are bonus eligible * Company-matching 401k plan * Glen Bell Scholarship Program * Tuition Reimbursement * Holiday and summer hours: Half-day Fridays * Finance * Food Innovation and Quality * Human Resources * Information Technology * Legal * Marketing * Operations * Restaurant Support Center Food Innovation and Quality The love of Taco Bell's food starts here. The Food Innovation Team creates and perfects new favorites, tastes, and products that satisfy customers and keep them coming back. They also test and engineer restaurant equipment,