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IgorC [24]
4 years ago
6

The "Plan to Win" initiative is built around five factors that drive McDonald’s business: people, products, place, price, and pr

omotion. As a student of marketing - having studied the 4-Ps of marketing - what is so different about the "Plan to Win" than 4Ps? Is it effective?
Business
1 answer:
eimsori [14]4 years ago
4 0

Answer:

The plan to win focusses mainly on the customer strstegic framework which is different from all other 4 P's.

Explanation:

Answer:

The plan to win strategy is a customer strategic framework which is different from the 4 p's.

Explanation:

The four Ps in marketing strategy.

These are listed as

  • product
  • price
  • place
  • promotion.

The four factors we must consider when you plan your marketing strategy. The four Ps are also known as the “marketing mix.” To meet the needs of different customers or market sectors, you can change the mix by varying the product you offer, the price you charge, the place you sell it and the way you promote it.

If you only see the negative things and instead of the positive things, then you don't see why Mcdonalds is still a challenger.

If you haven't gone to other countries, Mcdonalds serves different food menu that is more nutritious, different marketing to its consumers.

Secondly, some of its franchisees have their new "McCafe" menu separated completely from the official "McDonald" store, it is a clone of Starbucks, and quite successful to be honest, because the new generation just wants a quick bite and a drink instead of a fast food main meal these days.

The price is competitive and the delivery is faster than its rivals fast food chains, at the same time, its expanding in bigger quantities than its rivals for the same countries they compete.

It has a long history as a brand, and because I don't like McDonalds so much like Subway, I can't give you the best complete answer why it is successful, but of all that, I can't see it doesn't deserve to be what it is today.

And boy, do you remember all the happy meals we got at Mcdonalds when we were young? Remember that "playground" in Mcdonalds inside? Maybe one of the birthdays of one of your classmates was done there? Remember that old trusty clown and the villains? I am in a fast food chain. Not on Disneyland. I don't know what is this.

Even today, their toys are better than what their rivals offer. For most, their memories who still purchase at Mcdonalds may be pre programmed due to those past events for  buying Mcdonalds still, but I can't honestly tell.

As for the rest, the "value meal" is their selling point, it is to turn their customers to loyal customers. That tipping point was followed by other rivals as well, especially to grab the low wage workers (which is a big market audience), but they were not early adopters as Mcdonalds itself. Even if that low wage worker becomes a middle or high wage worker, he may still go to Mcdonalds from time to time due to his old memories going to Mcdonalds before. He became kind of a "loyal" member to Mcdonalds.

There may be other better answers why Mcdonalds stands out, but that is all from my own perspective.

the company now intensify its commitments based on its customer requirements.

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What is the value today of receiving $5,000 at the end of six years, assuming an interest rate of 8% compounded semiannually?
Ulleksa [173]

Answer:

$3,122.96

Explanation:

Future value = 5000

i = 8%

n = 6

m = 2

Present Value = FV(1+i/m)^mn

Present Value = 5,000(1+0.08/2)^-2*6

Present Value = 5,000(1.04)^-12

Present Value = 5,000 / (1.04)^12

Present Value = 5,000 / 1.6010322

Present Value = 3122.985284118583

Present Value = $3,122.96

6 0
3 years ago
Which career is more common in the U.S. West than other areas of the country?
STALIN [3.7K]

Answer:pjfwij4cnogawugnfichihnugwruiuagngvauybgivnghvrnglvhnhnlgnahrnlhenlrhgnlrhlnvhnshgnsirnlhegnvshrufesliurghsenvfhesihrgnhfueislrughfnehgvsnkhgnvhfskdhgvkdhnkjhnfdvhklhnvlkhnslkhgv

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7 0
3 years ago
Suppose ​$1 comma 500 is deposited in a bank account today​ (time 0), followed by ​$1 comma 500 deposits in years 2​, 4​, 6​, an
Ymorist [56]

Answer:

$15,391.91

Explanation:

the first step is to find the present value of the cash flows. After the future value of the sum would be determined.

present value is the sum of discounted cash flows.

present value can be determined using a financial calculator

Cash flow in year 0 = $1500

Cash flow in year 1 = 0

Cash flow in year 2 = $1500

Cash flow in year 3 = 0

Cash flow in year 4 = $1500

Cash flow in year 5 = 0

Cash flow in year 6 = $1500

Cash flow in year 7 = 0

Cash flow in year 8 = $1500

I = 9%

PV = $5472.36

The formula for calculating future value:

FV = P (1 + r) n

FV = Future value  

P = Present value  

R = interest rate  

N = number of years  

$5472.36(1.09)^12 = $15,391.91

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

3 0
3 years ago
Your Mutual fund was valued at $237,500 it has lost 6% per year for the last three years what is its value today
MissTica

Answer:

197263.70

Explanation:

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5 0
4 years ago
An investment costs $152,000 and has projected cash inflows of $71,800, $86,900, and −$11,200 for Years 1 to 3, respectively. If
Svetach [21]

<u>Solution and Explanation:</u>

The following is used in order to calculate the internal rate of return

year  Cash flow    

0 -$152000    

1 $71800    

2 $86900    

3 -$11200    

Internal rate of return -2.07 percent ( the internal rate of return has been calculated by using the excel sheet)  

The IRR rule cannot be applied in this case. Since, the cash flow direction changes twice, there are two internal rate of return. Thus, the Internal rate of return cannot be used to determine acceptance or the rejection.

7 0
3 years ago
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