All categories

3 years ago

What pricing strategies do Mcdonalds use?

Business

2 answers:

OleMash [197]3 years ago

8 0

Answer:

Explanation:

Across the world, McDonald's has implemented store-level pricing – which means every store's price will be slightly different from the next. Pricing parameters are set by the global HQ in Chicago and price limits are set up there too

I am Lyosha [343]3 years ago

5 0

Explanation:

McDonald's uses the pricing approach, 'think global, act local'. They have proven to be affluent at using cost leadership pricing strategy by offering meals at low prices. Prices were kept low by: employing and training employees that are inexperienced instead of trained cooks.

You might be interested in

In the United States, which assessment system measures inflation?

tresset_1 [31]

Answer:

C. consumer price index

Explanation:

Inflation is the general increase in prices in a country in a period. In the US, inflation is measured using the consumer price index, CPI. The CPI is a measure of the weighted average price of selected goods and services that represent the general consumption in the economy. The weighted average price at a particular time is compared to the weighted average price at the beginning of the period.

The weighted average price for the basket is compared to the previous period to determine the rate at which prices are increasing. A high rate of price increment signifies a high rate of inflation. The Government sets a target rate of inflation for the economy. It employs fiscal and monetary policies to keep inflation within acceptable levels.

6 0

3 years ago

Many firms advertise. What effect does advertising have on firmâ€‹ profits? One possible effect of advertising is to:_________

spayn [35]

Answer:

Option b: Increase profits by shifting the demand curve for the product to the right

Explanation:

Marketing is simply all the activities necessary for a firm to sell a product to a consumer. Firm engages in marketing to make their brand or product known.

Advertising has a whole lot of effect in the society at large. There are economic effect, social effect and others.

effects of advertising on the prices of goods and service includes exerting an upward pressure on prices that is the Cost of advertising is passed along to consumers and Advertising makes us less price sensitive) and exerting a downward pressure on prices may lead to economies of scale and Lowers the cost of sales.

Social Effects of Advertising is that it is manipulative and promotes unnecessary consumption,Advertising makes us more intelligent consumers and promotes worthwhile social causes.

6 0

2 years ago

The term product class refers to:________.

Aleks [24]

the industry a set of offerings belongs to.

3 0

3 years ago

Zinc, Inc. has 10,000 shares of $5 par, 5% preferred stock, and 5,000 shares of $10 par common stock issued and outstanding. If

Anna11 [10]

Answer:

A. 2500

Explanation:

10,000 shares x $5 x .05= 2500

8 0

3 years ago

Each of the following is a disadvantage of buying rather than making a component of a company's product except that Select one:

shtirl [24]

Answer:

The correct answer is letter "C": Profitable product lines may be dropped.

Explanation:

The decision of making a product in-house or relying on an outsourcing manufacturer is evaluated mainly by comparing the costs that handling a new production line carries. While outsourcing can save a company a great amount of money in labor, equipment, materials, and knowledge, quality control is not managed directly.

However, a new line of components in-house implies incurring in most costs that could conflict the production of existing profitable product lines that could see their numbers reduce gradually until the product drops.

6 0

3 years ago