By using the P-value to test the significance of the independent variables, you will notice that 2 of your independent variables are significance on the .05 level. (Price and Competitor Price). This is because they P-value are lower than .05. (Price = .0000554, competitor price = .000146656). Advertising is significant on the .10 level (AD = .010) In order to do the forecast, the Pizza Company would have to use this formula to calculate the four (4) periods.
So when ever my mom makes pozole I look forward to it since I don’t eat weekly. I remember the first time I tried pozole. I was about seven years old on Christmas eve. This was a special day for me because now I could eat the food that the adults ate instead of just the food the little kids ate like pizza and chips. I was anxious to eat this special meal because it was the first time I would try the pozole.
Also, it uses all natural ingredients in its cooking so customers think they are getting a better value along with eating healthier. Lastly, Panera Bread focuses on a higher quality of training towards its employees which allow them to sell a better image to the customers. Panera Bread has weaknesses such as trying to attract its customers to the other conventional eating segments throughout the day such as breakfast dinner. This creates a very short operating window to conduct business throughout the day obviously the company to not reach its full potential in sales. Panera Bread's opportunities lie within its ability to potentially create off-premises and online catering.
After a hard day of work most people want a quick and easy dinner so they automatically think of eating out for the night. There are some who do blame Taco Bell and McDonalds because of their high fat foods. Parents are the ones responsible for what their kids eat in my eyes. They can help their family and themselves by bringing home more healthier food and "accept their role in fighting the problem"(Weintraub 11). When a family goes out to eat out at McDonalds, they buy meals that are extremely over portioned or "meals that can easily make up to half of their recommended daily intake of calories"(Brownlee 1).
Unhealthy calories come from unhealthy farms. The system we currently follow is obiously tweaked, and Pollan calls out for a change, but that change must come from the eaters themselves. The food system we currently follow is focused on supplying large amounts of food for a cheaper price, and that usually means that it is not the healthiest. Our plummeting health is the price eaters must endure just to save that extra dollar, or to get a “buy one get one free” product. Never have I seen a bag of spinach or a head of broccoli that was advertised as “buy one get one free.” This is due to the fact that if all of a sudden healthy foods were as cheap as unhealthy foods, people would “vote” differently.
It is ultimately up to the consumer to make the decision of what to put into their bodies. Without a healthy alternative, little to no nutritional information, and the ease and convenience of fast food why would we choose anything else? The fact is that we have been conditioned as children to eat fast food. We also see the ease of a drive trough and think of it as a great convenience to the alternative of cooking for you at home. American’s are always on the go and fast food corporations have exploited that fact to the extreme.
Every day in school cafeterias across the country, students are choosing healthier options. According to the revised lunch menus, instead of a breaded beef patty with ketchup, a frozen fruit ice pop, and whole milk, students can now select a chef salad with grilled chicken, low-fat mozzarella, accompanied by a whole-wheat soft pretzel and low-fat chocolate milk. These new offerings are the result of the “Healthy, Hunger-Free Kids Act of 2010,” (HHFK) which provides $4.5 billion in new funding for the federal school lunch program. In order to receive this funding, school districts must offer menus that meet certain nutritional standards. These federally-mandated nutritional standards for school lunch menus will create a healthier generation
Outsourcing this responsibility means that you only have to pay for the service when it is needed. Also, preliminary preparation of the food could be outsourced as well. For example Darden outsources the peeling of its shrimp, and the preparation of its meats to other companies where they can do it more effectively than their individual restaurants. Research and development is another area where restaurants could benefit from outsourcing. An R&D firm would be able to focus efforts on developing new dishes for the restaurant and also conducting the market analysis and taste testing to help insure its success.
Another part to the decision making process is comparison. If the consumer buys the product with the lower price, what is the consumer’s benefit? The consumer takes this question in to consideration when making the decision to buy the next can of sauce and tries to become more aware of the value to him/her. The third principle is that people think marginally. If the consumer’s goal is to buy a can of sauce with no care as to the price, then the consumer will go the isle it is located on and pick up the first one they see.
2. Using Excel or other calculation software, input the data you collected in criterion one to calculate an estimated regression. Then, from the calculation provided, interpret the coefficient of determination indicating how it will influence your decision to open the pizza business. Explain any additional variables that may improve the coefficient of determination. The independent variables used to analyze coefficient of determination here were the average income of food service manager and the average price of pizza in a time series regression analysis.