Compare the external business environment of two companies (a fast-food restaurant and an insurance agency). Which...

Compare the external business environment of two companies (a fast-food restaurant and an insurance agency). Which external elements have the greatest impact on each business and how would management need to adapt to these environments? Be specific and provide examples.

Expert Solution

Fastfood restaurant is B2C and is largely reliant on market proces and changing customers preferences and how competitive players offer their services.

However an insurance agency is affected by political movement ajd legal framework as laid out by government.

The Biggest impact however is due to changing technology and hypercompetition which challenges sustainability and thus management must tackle this by continuing investment on weaker zones of competitor and not allowing them to proliferate just like how Berkshire Hathway is biggest reinsurance company and no other companies can match their ubiquitous offerings at low cost and timely sanctions.

keosha answered 2 years ago

A fast-food restaurant determines the cost and revenue models for its hamburgers. A fast-food restaurant determines...

A fast-food restaurant determines the cost and revenue models for its hamburgers. A fast-food restaurant determines the cost and revenue models for its hamburgers. C = 0.8x + 7100, 0 ≤ x ≤ 50,000 R = 1 10,000 (66,000x − x2), 0 ≤ x ≤ 50,000 (a) Write the profit function for this situation. P = (b) Determine the intervals on which the profit function is increasing and decreasing. (Enter your answers using interval notation.) increasing decreasing (c) Determine how many hamburgers...

There is a multi-cuisine restaurant which offers fast food along with Indian, Mexican, and Chinese food...

There is a multi-cuisine restaurant which offers fast food along with Indian, Mexican, and Chinese food which mainly focuses on students and communities from these countries. There are international student chefs from these communities who will prepare cuisines from these respective countries on a weekly basis. Firstly, as a business what will be the 3 problems you will try to solve via these services? Essentially, why does this company exist? Secondly, what are the Unique value proposition – What makes...

Choose a fast food restaurant and select 5 types of food from the restaurant listing the...

Choose a fast food restaurant and select 5 types of food from the restaurant listing the fat grams and total calories for each type of food. Subsequent posting Thursday to Sunday, 11:59 PM: Is there a linear relationship between the two variables? Use excel and include the scatterplot (select chart, scatter) and r-value (=COREL(input data) to support your decision regarding whether there is a relationship or not. You must also respond to at least one of your colleagues to help them...

A Business Dilemma Subway, the fast food restaurant franchise, announced in early 2018 it planned to...

A Business Dilemma Subway, the fast food restaurant franchise, announced in early 2018 it planned to bring back the “$5 Footlong” promotion. Hundreds of Subway franchise owners protested the promotion saying that they cannot afford to sell the footlong sub sandwiches for $5. You'll want to review the Subway webpage featured in the Chapter 8 module. Assume that the costs related to a Subway footlong and a Subway franchise include the following Cost Item Details Cost per sandwich Meats, cheeses,...

: For each of the BMW and Honda companies, assess the external environment of the companies...

: For each of the BMW and Honda companies, assess the external environment of the companies in terms of the level of uncertainty. Explain how you concluded that the environment is simple or complex and stable or unstable. Combine the simple/complex and stable/unstable dimensions to arrive at the level of uncertainty. Write down any assumptions you make because information is missing? mention every detail, make it as long as it can be

What are the risks of Food Quality in a fast food restaurant chain? (NO PLAGIARISM, 300...

What are the risks of Food Quality in a fast food restaurant chain? (NO PLAGIARISM, 300 MINIMUM PLEASE)

Choose a fast-food restaurant chain that does business in your area. Describe the company's target market...

Choose a fast-food restaurant chain that does business in your area. Describe the company's target market and explain how its marketing mix is designed to appeal to this target market.

Think about your favorite restaurant or fast-food restaurant. The general manager of that restaurant has hired...

Think about your favorite restaurant or fast-food restaurant. The general manager of that restaurant has hired you to help classify all the costs that are involved in running the restaurant and keeping the customers satisfied. Think about its business operations as you answer the following questions. Describe all business activities from the time a customer arrives to the time that customer departs. List all costs you can identify with the separate activities described in question 1. Classify each cost from...

When selecting a fast food restaurant, we believe the cleanliness of the restaurant is more important...

When selecting a fast food restaurant, we believe the cleanliness of the restaurant is more important for males than females. First, write the null and alternative hypothesis we would use to test this. Second, describe the analysis you would use to test this belief.

The wait times (in seconds) for fast food service at two burger companies were recorded for...

The wait times (in seconds) for fast food service at two burger companies were recorded for quality assurance. Using the sample data below, find the following for each sample: Range Standard deviation Variance Lastly, compare the two sets of results. Company Wait times in seconds Big Burger Company 105 67 78 120 175 115 120 59 The Cheesy Burger 133 124 200 79 101 147 118 125

Question