1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Firlakuza [10]
2 years ago
14

How do fast-food restaurants rationalize the process of providing food to customers, according to Robin Leidner in Fast Food, Fa

st Talk
Business
1 answer:
Nostrana [21]2 years ago
3 0

According to <em>Robin Leidner</em>, fast-food restaurants rationalize the process of providing food to customers by developing standardized scripts for employees to use when dealing with customers.

There are many advantages associated with the fact that fast-food chains develop standardized scripts for customer service, as this way, they ensure compliance and quality of processes.

Standardization in fast-food restaurants therefore ensures faster service, mechanization of processes and higher quality in food production, since production and service standards must be followed in any unit of a fast-food chain.

Learn more about standardization here:

brainly.com/question/8189591

You might be interested in
in the theory of percect competition the assumption of easy entry into and exit from the market implies
jeka94

In the theory of perfect competition, the assumption of easy entry into and exit from the market implies <u>zero economic profits in the long run.</u>

<u />

<h3>What Is Perfect Competition?</h3>

The term perfect competition refers to a theoretical market structure. In a perfect competition model, there are no monopolies.

This kind of structure has a number of key characteristics, including:

  • All firms sell an identical product (the product is a commodity or homogeneous).
  • All firms are price takers (they cannot influence the market price of their products).
  • Market share has no influence on prices.
  • Buyers have complete or perfect information (in the past, present, and future) about the product being sold and the prices charged by each firm.
  • Capital resources and labor are perfectly mobile.
  • Firms can enter or exit the market without cost.

There are five assumptions in the perfectly competitive model of markets:

  1. Goods are identical, rival, and excludable.
  2. Buyers and sellers have sufficiently information to make informed decisions.
  3. There are no external effects; and two others. List the two other assumptions and discuss their significance in a sentence or two.
  4. Everyone is a price taker.
  5. There is free entry and exit.

The price taking assumption implies the demand perceived by a seller is perfectly elastic. That is, they can sell as much or as little as they want without affecting the market price. Also, when the firm is a price taker, the profit maximizing rule: MR = MC, can be written P = MC since price equal marginal revenue in perfect competition. The market output where price equals marginal cost is the level the level of output where the sum of consumer and producer surplus is maximized.

The free entry and exit assumption insures economic profits are zero in the long-run and more importantly, resources are perfectly mobile in response to a change in demand or supply conditions.

If demand for a good increases, for example, firms will experience short-run profits, which will induce an expansion of the industry. The increased supply lowers price until profits are zero for the typical supplier.

Therefore, we can conclude that the correct option is C.

Your question is incomplete, but most probably your full question was:

In the theory of perfect competition, the assumption of easy entry into and exit from the market implies

a. positive economic profits in the long run.

b. losses in the long-run equilibrium.

c. zero economic profits in the long run.

d. zero economic profits in both the short run and the long run.

e. positive economic profits in both the short run and the long run.

Learn more about Perfect Competition on:

brainly.com/question/1488584

#SPJ4

3 0
2 years ago
An agreement two parties enter into before marriage that clearly states the ownership rights each party enjoys in the other part
Effectus [21]

Answer:

prenuptial agreement

Explanation:

A prenuptial agreement or prenuo is one that is created between two people before marriage. A prenuo lists all the properties owned by each individual and action to be taken as regards ownership after the marriage.

Prenuptial agreement has been used by parties that are wealthy in marriages to protect their wealth from spouses that may take advantage of them and obtain their wealth after a divorce. For example a person may say his spouse is not entitled to ownership of his property after marriage.

7 0
3 years ago
Read 2 more answers
Purchase-Related Transactions Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $23,500, terms n
Tatiana [17]

Explanation:

The journal entries are shown below:

a. Inventory Dr $23,500

           To Account payable $23,500

(Being inventory purchased on credit)

b. Account payable Dr $4,200

              To Purchase return $4,200

(Being the return of the inventory is recorded)

c. Account payable Dr $19,300

           To Cash $19,300

(Being the payment of the invoice is recorded)

3 0
3 years ago
The income statement of Whitlock Company is presented here.
bazaltina [42]

Answer:

$1,146,800

Explanation:

Preparation for the operating activities section of the statement of cash flows for the year ended November 30, 2020

WHITLOCK COMPANY

Partial Statement of Cash FlowsFor the Year Ended November 30, 2020

Cash flows from operating activities

Net income $1,366,800

Adjustments to reconcile net income to net cash provided by operating activities..

Activities

Depreciation expense $70,000

Decrease in inventory $500,000

Decrease in accrued expenses payable ($100,000)

Increase in prepaid expenses ($150,000)

Increase in accounts receivable ($200,000)

Decrease in accounts payable($340,000)($220,000)

Net cash provided by operatingActivities $1,146,800

($1,366,800-$220,000)

Therefore the operating activities section of the statement of cash flows for the year ended November 30, 2020 is $1,146,800

3 0
3 years ago
Walt has a $300,000 listing at 8% commission. An agent from another firm sold the listing. Walt has a 70% commission split with
erastovalidia [21]

Answer:

$8,400

Explanation:

total commission = $300,000 x 8% = $24,000

50% co-brokerage split = $24,000 x 50% = $12,000

Walt's commission = $12,000 x 70% = $8,400

the 70% commission split between Walt and his broker means that Walt keeps 70% of the commission and the broker keeps 30%.

total commission is split between the two firms because the Walt's listing was sold by another firm.

4 0
3 years ago
Other questions:
  • Gregory was talking with tom, his assistant manager, saying, "when i make a decision on which employee to pick to do a project,
    8·1 answer
  • Suppose that a monopolistically competitive restaurant is currently serving 240 meals per day (the output where MR = MC). At tha
    14·1 answer
  • The defect rate for your product has historically been about 2.00​%.
    6·1 answer
  • Economic systems differ according to which two main characteristics?A. the political system in place and the degree of scarcity
    9·1 answer
  • Your company wants to set aside a fixed amount every year to a sinking fund to replace a piece of industrial equipment costing $
    14·1 answer
  • What is internet reendorsement?
    15·1 answer
  • The first step in the process of creating a marketing plan is to
    14·2 answers
  • An online gardening magazine wants to understand why its subscriber numbers have been increasing. A data analyst discovers that
    9·1 answer
  • In the first quarter of operation, the Blending Department of ChemUSA produced 50,000 barrels of Compound X and left 20,000 barr
    15·1 answer
  • Tubaugh Corporation has two major business segments--East and West. In December, the East business segment had sales revenues of
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!