According to NASDAQ: WEN they are the world’s third largest quick service hamburger company. To us this is known as a fast food restaurant. Wendy’s has more than 6,500 restaurants in the United States and 27 other United States territories in the world. When Dave Thomas opened the first Wendy’s restaurant in Ohio in 1969 he vowed to have quality food. That is why today, that they still serve the best quality foods around that is made to order.
The Health and Safety Director of the United Food and Commercial Workers union has reported that chain speeds increased between 50% and 80% between approximately 1982 to 1992 (Stull and Broadway 1995, 68). To put this in perspective, in the early 1970s, the fastest line killed 179 cattle an hour; today the fastest kills 400 per hour. In Europe, however, only approximately 60 cattle are killed an hour (Marcus 2005). Finally, profits have been increased by maximizing economies of scale, resulting in plants that can slaughter greater numbers of animals (Broadway and Ward 1990). This trend is evidenced by the increase in the number of large slaughterhouses.
J.D. Burger’s is able to charge a premium price for their product due to its unique patties. Their regular burger patties are made from 100% Angus beef and 100% ground turkey. The patties are offered in a larger ½ pound after cooking weight. This is an advantage over the fast-food businesses, which offer only ¼ pound patties prior cooked
Analysis: A SWOT analysis (Appendix 6) shows that Livoria Sandwiches operates in a wealthy market with growing competition. Among the competitors, those that concentrate on offering a menu of high cholesterol meats and fried foods are experiencing negative growth. Conversely, restaurants offering lean meats and vegetable options are performing well. This is likely due to a shifting consumer preference to vegetarianism and increasing awareness around healthy lifestyles. Livoria Sandwiches performs well on the area of growth and contribution margins, but the settlement of a lawsuit caused significant cash flow constraints that highlighted the need to examine options that would increase profits while ensuring that
As of 2012 Chick-fil-a has a total of 1,600 restaurant locations, making them the second largest fast food restaurant chain in the U.S. (Chick-fil-a, 2012). This company falls under the quick service restaurant field and under the monopolistic competition market, which comes with a lot of different competitors. Chick-fil-a does not have too many direct competitors in the chicken fast-food industry, but when looking at the fast food industry as a whole they have quite a few competitors. When it comes to selling their main, and only product, chicken. Their main competitor would be KFC who is ranked number one in the chicken field, and overall for the quick service field McDonalds ranks number one.
He brings up a lot of arguments and points in his book and one he uses is Logos to better his points. One specifically he uses is his point on how the fast food industry is the largest group by far that employs low wage workers. He says no skill required and I really like this “The annual turnover rate in the fast food industry is about 300 to 400 percent. The typical fast food worker quits or is fired every 3 to 4 months” (90). Schlosser betters his argument with the use of strong facts and gives the points strength.
An example is that of hamburger meat and hamburger buns, when the price of ground beef increases by 30%, the price of hamburger buns decreases by 40%. Exy = (-.4)/(.3) = -1.3 The larger the degree of negativity, the more the items are compliment goods or services. Element
Appendix Current Financial Analysis Page 8 Income Statements Page 9 I. Situation Analysis Problems and Issues of Expansion Ruth’s Chris Steak House is one of the most well known and established fine dining steak houses in the U.S. Its popularity spreads across the world for serving high quality steaks and providing outstanding customer service. Ruth Fertel started the restaurant in New Orleans, LA back in 1965. Since then, the restaurant saw explosive growth in three decades from one humble restaurant to ninety-two, 82 in the US and 10 international locations in Canada, Mexico, Hong Kong and Taiwan. By far, the restaurant has the most locations in the fine dining steak house industry category beating its closest rival by nearly 30 locations.
That leaves a whopping 96.8 percent of people to consume the 55.3 billion pounds of meat devoured annually in North America (International Statistics, 2012). The advertising slogan made popular in the early 90’s “Beef. It’s what’s for dinner” was intended to encourage the importance of beef in a healthy diet plan and Americans
American food culture America is known as the fast food country due to its fast food habits. America spends more money on fast food and on education, new cars and computer software. 200 million All-Americans visit fast food restaurants weekly; nearly 90% of American children visit McDonald’s every month. The most popular American fast food products are hamburgers, cheeseburgers, hot dogs and French fries. Because of fast food a lot of people are unhealthy, obese, and use mass production to feed everyone.