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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:

<em>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.</em>

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In conducting their research, economists face an obstacle that not all scientists face; specifically, in economics, it is often

algol13

Answer:

The correct answer is (B)

Explanation:

Economics is a study of the market and human behaviour. Economists usually use historical data, conduct interviews and surveys to find a pattern to predict and forecast. In economics, it is almost impractical to conduct laboratory experiments because laboratory experiments leave out various aspects of reality and leave out relevant variables. Furthermore, It is difficult to find a way to use a laboratory experiment to predict and forecast.

4 0

4 years ago

A contract entered into between the parties by words is called- -

Mumz [18]

A contract entered into between the parties by words is called AN EXPRESS CONTRACT.

An express contract is an exchange of promise between at least two parties wherein the agreed terms are expressed either orally or in writing at a time it is made. Express contract may also be both oral and written at the same time.

8 0

4 years ago

Eve Cosmetics Company consists of two departments, Blending and Filling. The Filling Department received 41,400 ounces from the

Mandarinka [93]

Answer:

39,300 ounces

Explanation:

Calculation for How many ounces were started and completed during the period

Using this formula

Numbers of ounces started and completed during the period= Filling Department completed ounces during the period - Work in process at the beginning of the period

Let plug in the formula

Numbers of ounces started and completed during the period=46,800 ounces -7,500 ounces

Numbers of ounces started and completed during the period=39,300 ounces

Therefore How many ounces were started and completed during the period is 39,300 ounces

4 0

3 years ago

YouEye is developing eye tracking technology that works with an individual’s webcam. Instead of needing to spend thousands of do

shusha [124]

Answer:

Beta testing process

Explanation:

The beta testing process involves the testing of products or services that are still in the final development stage, they are not yet finished products. Companies want to learn what their potential customers think about how their products or services work. They usually hand out free versions of their products and they request feedback from their customers.

8 0

3 years ago

Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant ra

Paul [167]

Answer:

1. $4.5

2. 45%

3. 55%

4. $4.50

5. $1,800

6. $3,150

7. $1,750

8. 500 units

9.$5,000

10. 2,300 units

11. $5,000

12. 2

13. 1.5%

Explanation:

1. Contribution margin per unit = Unit sales price - Variable cost per unit

• $10 - $5.5 = $4.5

2. Contribution margin ratio = (sales - variable expense) / Sales

• ($10,000 - $5,500) / $10,000

• $4,500/$10,000

•45%

3.Variable expense ratio = variable cost per unit / Sales per unit

•$5.5/$10 = 55%

4. Net operating income @1,000 - Net operating income @1,001

•@1,000 units

Sales (1,000 x 10) $10,000

Variable expense (1,000 x 5.5) $5,500

Contribution margin $4,500

Less: Fixed Cost $2,250

Net operating income $2,250

•@1,001 units

Sales (1,001 x 10) $10,010

Variable expense (1,001 x 5.5) $5,505.50

Contribution margin $4,504.50

Less: Fixed cost $2,250

Net operating income 2,254.50

Therefore, $2,254.50 - $2,250 = $4.50

5. Sales (900 x 10 ) $9,000

Variable expense (900 x 5.5) $4,950

Contribution margin $ 4,050

Less: Fixed cost $2,250

Total net operating income $1,800

6. Sales (900 x 11.50) $10,350

Variable cost (900 x 5.50) $4,950

Contribution margin $5,400

Less: Fixed cost $2,250

Net operating income $3,150

7. Sales (1,250 x 10) $12,500

Variable cost (1,250 x 6) $7,500

Contribution margin $5,000

Less: Fixed cost (2,250 + 1,000) $3,250

Net operating income $1,750

8. Break-even point in unit sales

BEP =Total fixed cost / (sale per unit - variable cost)

BEP = $2,250 / (10-5.5)

BEP = $2,250/$4.5

BEP = 500 units

9.Break-even point in dollar sales

BES = Total fixed expense/contribution margin ratio

BES = $2,250/([10,000-5,500]/10,000)

BES = $2,250/0.45

BES = $5,000

10. Let’s begin with the desired net operating income.

•$8,100 + Fixed cost = Contribution margin / (Sales per unit - Variable cost)

•$8,109 + $2,250 = $10,350/(10-5.50)

•$10,350/4.50

•2,300 units

11.Margin of safety = Projected sales - Break-even sales

MOS = $10,000(1,000 x 10) - $5,000 (as computed above #9)

MOS = $5,000

12. Degree of Operating leverage

DoL = (Sales-Variable cost) / (Sales - Variable cost - Fixed cost)

DoL = ($10,000 - 5,500) / ($10,000 - 5,500 - 2,250)

DoL = $4,500/$2,250

DoL = 2

13. 3% / 2 = 1.5%

• DoL simply signifies how many times the operating profit increase or decrease in relation to sales.

6 0

3 years ago