Reports have just surfaced that your fast food company sold
hamburgers with contaminated beef. The report...
Reports have just surfaced that your fast food company sold
hamburgers with contaminated beef. The report is true. As a company
manager, develop a plan to handle this crisis.
Solutions
Expert Solution
Explanation:
Crisis Management Style:
The first step in this crisis
management will be assessing the risk which is lying ahead and
potential risk that manager needs to address primarily. Manager
need to ready to communicate this crisis and vulnerability of it.
As this will be major product recall due to contaminated beef in
hamburgers sols.
Manager need to determine the
impact of the business and evaluate how it will disrupt the
business and will have to ready for it. This step consist of
business impact analysis which can give better idea about the
potential impact on business.
Manager should take up on social
media and address the media and customer about the potential crisis
that have been at now. Let them aware of the potential problem and
what is the true issue in this problem.
Show honesty and transparency to
customer and media about the potential problem what has gone wrong
and what has caused the problem for the company. Make assure people
about the people and tell them all will be solved soon.
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...
Hamburgers are America’s favorite food. Consumers spend more
than $100 billion on the beef sandwiches every year. But despite
America’s infatuation with burgers, there is considerable
dissatisfaction among consumers based on hamburger quality and
value. Many customers just aren’t happy with what is served up at
market-leading fast-food outlets. They want a better burger, and
they won’t hesitate to pay a higher price to get one. Enter
Smashburger. Started just a few years ago in Denver, Colorado,
Smashburger is now...
Prepare a technical report based on KFC Fast food restaurant
company
Report should follow the given structure:
Chapter 1 – Introduction of KFC (Focus on Strategic Evaluation,
Business Ethics and Global Issues)
Chapter 2 – a. Analyze the difficulties in strategic evaluation of
KFC
b. Examine the reasons for KFC organizations to ‘go green
c. Compare the advantages & disadvantages of international
operations of KFC
Chapter 3 – Conclusion and Recommendations (Focus on Strategic
Evaluation, Business Ethics and Global Issues)
Don Jackson paid Hungry Hannah’s
Hamburgers $54,000 for the right to operate a fast-food restaurant
in Thomasville under the Hungry Hannah’s name. Jackson also agreed
to pay an operating fee of 0.5% of sales for advertising and other
services rendered by Hungry Hannah’s. Jackson began operations on
January 2, 2011. Sales for 2011 amounted to $540,000. The finite
useful life of the franchise is 40 years.
Give the entries to record the payment
of the $54,000 and to record expenses...
1. Until recently hamburgers at the Erwin Center cost $2 each.
The food concessionaire sold an average of 10,000 hamburgers on a
game night. When the price was raised to $2.40, hamburgers sales
dropped off to an average of 8,000 per night. (a) Find the price of
a hamburger that will maximize the nightly hamburger revenue. (b)
Suppose that the concessionaire has fixed costs of $1,000 per night
and the variable cost is $0.60 per hamburger. Find the price of...
Until recently, hamburgers at the city sports arena cost $ 2.50
each. The food concessionaire sold an average of 2250 hamburgers on
game night. When the price was raised to $2.80 hamburger sales
dropped off to an average of 2,100 per night. The concessionaire's
fixed costs were $1725.20 per night and the variable cost was $1.70
per hamburger. Answer the following questions (A) through (F).
(A) Assume that the relationship between price p and demand x is
linear. Express p...
Until recently, hamburgers at the city’s sports arena cost $2.20
each. The food concessionaire sold an average of 9000 hamburgers on
game night. When the price was raised to $2.90, the hamburger sales
dropped off to an average 5500 sold per night.
a. Assuming a linear demand curve, find the price of a hamburger
that will maximize nightly hamburger revenue.
b. If the concessionaire had fixed costs of $1000 per night, and
a variable cost of $0.70 per hambuger, find...
As a manager of a
fast food franchise, Franklin Hinton was concerned about the media
reports he had been listening to about worker demands for wage
increases that might soon become an economic reality. Even though
Franklin’s store was considered to be successful on every financial
measure, doubling wages, without a doubt, would create a
significant increase on menu prices which would result in financial
disaster. Fast food employees in many parts of the country were
picketing and getting lots...
A McDonald’s franchise sells many fast-food items including
hamburgers, French fries, drinks, etc. It had fixed costs of
$500,000 last year. It had a short-run total variable cost of
$726,000, average price of $8, and sold 300,000 food items last
year. Raising Cane’s specializes in chicken meals; hence has a
limited menu. Last year, it had fixed costs of $200,000 per year, a
short-run total variable cost of $199,800, sold 90,000 food items
at an average price of $7.00 per...
You have just sold your house for $ 1,100,000 in cash. Your
mortgage was originally a? 30-year mortgage with monthly payments
and an initial balance of $ 750,000. The mortgage is currently
exactly? 18½ years? old, and you have just made a payment. If the
interest rate on the mortgage is 6.25 % ?(APR), how much cash will
you have from the sale once you pay off the? mortgage? 1.Cash that
remains after payoff of mortgage is ?$_____ (Round to...