All categories

3 years ago

How does panera bread attract customers? why do customers not mind paying more for panera bread's food?

Business

2 answers:

ahrayia [7]3 years ago

5 0

Explanation:

Panera Bread is an American Bakery and cafe store which serves the bakery items, fast food items, and casual restaurant foods to its customers. It has more than two thousand branches in America and Canada. The good, clean warm food attracts thousands of customers to its different branches on daily basis. The environment is so welcoming and pleasant that people are more attracted towards them. Besides these things, they also have a very competitive marketing strategies like making big budget commercials, displaying hoardings, billboards and the use of celebrities to attract the vast pool of people to their stores. Due to such factors, people are usually ready to pay more for the Panera bread's food. The itself is no doubt delicious, plus the environment of the cafe makes it more attractive for the customers.

tigry1 [53]3 years ago

4 0

I think it's that their commercials attact people with their food and the famous people using the food to hype it

You might be interested in

For each example, determine how the market for the good in the bolded text will respond to the described change.

Slav-nsk [51]

Answer:

a. Due to increases in hay prices, an input for raising cattle, the price of a gallon of 2% milk increases from $2.98 to $3.25. QUANTITY DEMANDED DECREASES, as the price of a good or service increases, the quantity demanded decreases.

b. Groupon has a Groupon for $6 off the price of laser tag. QUANTITY DEMANDED INCREASES, as the price of a good or service decreases, the quantity demanded increases.

c. Sharp increase in the price of wood causes increases in prices for dressers and desks. QUANTITY DEMANDED DECREASES, if the price of a key input increases, the production costs will increase, resulting in a higher selling price ⇒ lower quantity demanded.

d. Week long special at the grocery store, where pork shoulder is on sale at $1.99 a pound, down from $3.99 a pound. QUANTITY DEMANDED INCREASES, as the price of a good or service decreases, the quantity demanded increases.

e. Buy one get one free special for MP3 albums on Amazon. QUANTITY DEMANDED INCREASES, the buy one get one free promotion lowers the price of a good or service, resulting in higher quantity demanded.

7 0

3 years ago

Atlanta, Inc., planned and actually manufactured 180,000 units of its single product in 2017, its first year of operation. Va

steposvetlana [31]

Answer:

Net operating income= 1,080,000

Explanation:

Giving the following information:

Units produced= 180,000

Variable manufacturing cost was $ 17 per unit produced.

The variable operating (nonmanufacturing) cost was $ 10 per unit sold.

Planned and actual fixed manufacturing costs were $ 900,000. Planned and actual fixed operating (nonmanufacturing) costs totaled $ 360,000.

Atlanta sold 120, 000 units of a product at $ 44 per unit.

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

Unitary fixed overhead= 900,000/180,000= $5

Unitary production cost= 17 + 5= 22

Sales= 120,000*44= 5,280,000

COGS= 22*120,000= (2,640,000)

Gross profit= 2,640,000

The variable operating ocsts= 120,000*10= (1,200,000)

Fixed operating costs= (360,000)

Giving the following information:

Units produced= 180,000

Variable manufacturing cost was $ 17 per unit produced.

The variable operating (nonmanufacturing) cost was $ 10 per unit sold.

Planned and actual fixed manufacturing costs were $ 900,000. Planned and actual fixed operating (nonmanufacturing) costs totaled $ 360,000.

Atlanta sold 120, 000 units of a product at $ 44 per unit.

Unitary fixed overhead= 900,000/180,000= $5

Unitary production cost= 17 + 5= 22

Sales= 120,000*44= 5,280,000

COGS= 22*120,000= (2,640,000)

Gross profit= 2,640,000

The variable operating ocsts= 120,000*10= (1,200,000)

Fixed operating costs= (360,000)

Net operating income= 1,080,000

5 0

3 years ago

Q 1. how does csr (corporate social responsibility impact the role of hr manager ?

tatuchka [14]

By being friendly and decent

6 0

3 years ago

Quick assets include which of the following? Multiple Choice Market securities, receivables, and inventories. Cash, marketable s

just olya [345]

Answer:

The correct answer is letter "C": Cash, marketable securities, and receivables.

Explanation:

The quick assets of a company can easily be converted into cash. Quick assets include <em>cash, account receivables, </em>and<em> marketable securities</em>, which are equity and debt securities that can be converted into cash within one year. To calculate the company's quick assets add its cash, account receivables, and marketable securities and subtract its inventory from that result.

8 0

3 years ago

All of the following are characteristics of perfect competition EXCEPT Group of answer choices many buyers and sellers. lack of

Greeley [361]

Answer:

The three primary characteristics of perfect competition are (1) no company holds a substantial market share, (2) the industry output is standardized, and (3) there is freedom of entry and exit. The efficient market equilibrium in a perfect competition is where marginal revenue equals marginal cost.

6 0

2 years ago