Assess the attractiveness of the U.S. food service industry in 1994.
What will be an ideal response?
In general, the U.S. food service industry has gone through two shake outs (late 1960s and late 1970s/early 1980s) since the late 1950s. These shake outs have been accompanied by the bankruptcies of a number of fast-food chains, the entry of large acquiring firms whose financial resources have been used to erect entry barriers, intensified competition among existing competitors, and strong substitute products (as chains from one food segment encroach on the customer bases of other food segments, such as the sandwich chains introducing chicken to their menus in order to attract customers away from traditional chicken chains).*
During the 1950s and early 1960s, most industry forces were relatively weak. By 1994, however, all but the force of suppliers appear to have become quite strong. This has intensified competition among existing fast-food chains and made entry into the industry difficult. According to Porter, this would make the U.S. food service industry quite
unattractive.****
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A) trial B) search C) experience D) privacy E) credence
Which of the following statements about BLE is not true?
A. Only Apple iPhones can use BLE. B. BLE uses less power than traditional Bluetooth or GPS. C. BLE has a two-way, push-pull communication capability. D. BLE is more accurate than targeting through Wi-Fi triangulation.
Most statutes or common law decisions provide for employer defenses for those rules that are necessary to avoid a ________.
Fill in the blank(s) with the appropriate word(s).
Minor Electric has received a special one-time order for 1,500 light fixtures (units) at $5 per unit. Minor currently produces and sells 7,500 units at $6.00 each. This level represents 75% of its capacity. Production costs for these units are $4.50 per unit, which includes $3.00 variable cost and $1.50 fixed cost. To produce the special order, a new machine needs to be purchased at a cost of $1,000 with a zero salvage value. Management expects no other changes in costs as a result of the additional production. Should the company accept the special order?
A. Yes, because net income would increase by $7,500. B. No, because net income would decrease by $5,500. C. No, because net income would decrease by $2,000. D. Yes, because net income would increase by $2,000. E. No, because net income would decrease by $1,500.