Question

In: Economics

McDonald’s, the fast-food chain, announced new Spicy Chicken McNuggets hit restaurants in the U.S. on Sept....

McDonald’s, the fast-food chain, announced new Spicy Chicken McNuggets hit restaurants in the U.S. on Sept. 16 for a limited time. The new Spicy Chicken McNuggets have a tempura coating of cayenne and chili peppers and come with a side of Mighty Hot Sauce. Many have already begun to compare this item to the already famous Wendy’s spicy nuggets, with one reporter stating: “I compared McDonald’s new spicy nuggets against Wendy’s classic spicy nuggets, and found that Wendy’s beat out McDonald’s on every metric, including spice, flavor, and price.” Using the information you have learned in this course, how can marketers ensure that this new launch is successful? What marketing and advertising tools would you use to determine: Target Market, Media Channel, Differentiation, Brand Loyalty, and Customer Satisfaction?

Solutions

Expert Solution

The explanation of the above question mentioned in below image


Related Solutions

Information Systems at McDonald’s McDonald’s Corporation (McDonald’s), a US-based global hamburger and fast food restaurant chain,...
Information Systems at McDonald’s McDonald’s Corporation (McDonald’s), a US-based global hamburger and fast food restaurant chain, had installed several Information Systems to for the operational convenience of its employees and to help them in their decision making. It had implemented these information systems to store and leverage customer information, provide quick service to the customers, impart training to its employees, etc. These systems were used to make it more convenient for customers to buy food through electronic payments. Also, an...
McDonald’s is a well-known fast food chain throughout the world. In recent years, it has worked...
McDonald’s is a well-known fast food chain throughout the world. In recent years, it has worked hard to broaden its menu offering and try to broaden its food appeal. It has introduced some healthier options and has also added higher quality food and coffee as well. In addition to having thousands of locations throughout the world, McDonald’s also has very strong brand equity and is generally considered one of the top 10 most valuable brands in the world. This has...
As the quality engineer for a small chain of fast food restaurants called McDowell’s (They’ve got...
As the quality engineer for a small chain of fast food restaurants called McDowell’s (They’ve got the Big Mac, we’ve got the Big Mick), you’re interested in describing the consistency of the foodstuffs at a particular branch. In particular, you want to develop graphical and numerical representations of the (i) weight of and (ii) number of fries in a small bag of McDowell’s fries. You’ll find a sample of 32 bags in the file Homework 3.xlsx in the Homework Data...
As the quality engineer for a small chain of fast food restaurants called McDowell’s (They’ve got...
As the quality engineer for a small chain of fast food restaurants called McDowell’s (They’ve got the Big Mac, we’ve got the Big Mick), you’re interested in describing the consistency of the foodstuffs at a particular branch. In particular, you want to develop graphical and numerical representations of the (i) weight of and (ii) number of fries in a small bag of McDowell’s fries. You’ll find a sample of 32 bags in the below table. a. Provide numerical descriptions of...
Welcome Inc. is a chain of fast-food restaurants located in major metropolitan areas in the South....
Welcome Inc. is a chain of fast-food restaurants located in major metropolitan areas in the South. Sales have been growing very slowly for the last two years. Management has decided to add some new items to the menu, but first, managers want to know more about their customers and their preferences. What kind of research design/s would you recommend? Why? Also, recommend various data-collection technique/s to be used in the chosen design/s. Provide the rationale. 5. Rohtak Police wants to...
You are considering opening a regional chain of fast food restaurants. Runza has a CAPM equity...
You are considering opening a regional chain of fast food restaurants. Runza has a CAPM equity beta of 1.3 and a debt to equity ratio of 1.1. If the tax rate is 0.25 and your debt to equity ratio is 1.4, what is the CAPM equity beta of your business?
You are considering opening a regional chain of fast food restaurants. Runza has a CAPM equity...
You are considering opening a regional chain of fast food restaurants. Runza has a CAPM equity beta of 1.2 and a debt to equity ratio of 1.1. If the tax rate is 0.38 and your debt to equity ratio is 1.5, what is the CAPM equity beta of your business?
The owners of a chain of​ fast-food restaurants spend $25 million installing donut makers in all...
The owners of a chain of​ fast-food restaurants spend $25 million installing donut makers in all their restaurants. This is expected to increase cash flows by $11 million per year for the next five years. If the discount rate is 6.9​%, were the owners correct in making the decision to install donut​ makers?
The directors of fast food chain of restaurants based in Barcelona named El Mejicano were considering...
The directors of fast food chain of restaurants based in Barcelona named El Mejicano were considering whether to begin the promotion for their new line of menus than originally planned. "I think we should go ahead with the price cuts," Pedro Morales said. "After all, it couldn't hurt! At the very worst, we'll sell these menus cheap for a little longer than we had planned, and on the other side we could beat Panchito to the punch. Panchito is the...
A study of fast-food intake is described the the paper "What People Buy From Fast-Food Restaurants"...
A study of fast-food intake is described the the paper "What People Buy From Fast-Food Restaurants" (Obesity, 2009, pages 1369-1374). Adult customers at three hamburger chains (McDonald's, Burger King and Wendy's) in New York City were approached as they entered the restaurant at lunchtime and asked to provide their receipt when exiting. The receipts were then used to determine what was purchased and the number of calories consumed was determined. In all, 3857 people participated in the study. The sample...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT