Search results
Results from the WOW.Com Content Network
Spokespeople for the fast food industry claim that there are no good or bad foods, but instead there are good or bad diets. The industry has defended itself by placing the burden of healthy eating on the consumer, who freely chooses to consume their product outside of what nutritional recommendations allow. [30]
Factors influencing the threat of substitutes include: Switching costs – if customers do not lose anything by switching then the threat of substitution increases Price-performance trade off – if the substitute offers an attractive trade off between price and performance in relation to the industry product.
A PETA activist dressed as a chicken confronts the manager of the Times Square McDonald's over the company's animal welfare standards.. The American restaurant chain McDonald's has been criticised for numerous aspects of its business, including the health effects of its products, its treatment of employees, the environmental impact of its operations, and other business practices.
The Australian fast food market is valued at more than 2.7 billion GPB and is composed of 1.4 billion fast food meals. This includes meals serviced at 17,000 fast food outlets. The fast food market has experienced an average annual growth rate of 6.5 percent, which is the most rapidly growing sector of the retail food market.
On the other hand, the production decisions are strategic substitutes if an increase in one firm's output decreases the marginal revenues of the others, giving them an incentive to produce less. According to Russell Cooper and Andrew John, strategic complementarity is the basic property underlying examples of multiple equilibria in coordination ...
A graphical representation of Porter's five forces. Porter's Five Forces Framework is a method of analysing the competitive environment of a business. It draws from industrial organization (IO) economics to derive five forces that determine the competitive intensity and, therefore, the attractiveness (or lack thereof) of an industry in terms of its profitability.
Meat substitutes represent around 11% of the world's meat and substitutes market in 2020. As shown in the graph, this market share is different from region to region. [48] From 2013 to 2021, the world average price of meat substitutes fell continuously, by an overall 33%. The only exception was a 0.3% increase in 2020, compared to 2019.
The fast-food industry is a popular target for critics, from anti-globalization activists like José Bové to vegetarian activist groups such as PETA as well as the workers themselves. A number of fast-food worker strikes occurred in the United States in the 2010s.