A Comparison of In-N-Out Burger and Fast Food Nation...

Often people buy a book at a bookstore after reading the first few pages to make sure that the book is interesting enough to continue reading at home. That is why Amazon has a â€Å"Click to LOOK INSIDE!† button on each book. It is the most important part of a whole book in order to catch potential readers. One would expect that both In-N-Out Burger and Fast Food Nation must have strong hooks at the beginning since they were both New York Times bestsellers. Although they both focus on the fast food industry, there is quite a contrast in the way they are written. In the prologue of In-N-Out Burger, the author Stacy Perman writes not about the hamburgers or the company, but mainly about the phenomena that the burgers caused. On the other hand, in†¦show more content†¦This episode sounds very realistic and impressive for the readers with the actual information. She continues to reveal the facts for the whole chapter, which makes a strong impression for the readers that t he burgers, in fact, have some kind of power or magic to make people crazy about them. On the other hand, Schlosser gives many figures and statistics as the evidence of his points in his book. He shows them mainly to compare the situations now and the time when fast-food industry was growing rapidly. He quotes figures such as the money Americans have spent on fast food (Schlosser 3), the numbers of the mothers who worked and had young children in 1975 (Schlosser 4), and the numbers of hamburgers and french fries that an average American has every week (Schlosser 6). They are very effective to persuade the readers that fast food actually changed people’s eating habits. Both authors reveal the facts effectively to the readers, but Perman seems to be more successful in using those impressions to enable the readers think the next question about the burgers and company. Schlosser’s figures strongly support what he wants to say, but they just end there and do not work as a c uriosity booster. How Perman and Schlosser depict the facts is quite similar in the first part of the chapter, but they are very different in the later part. In In-N-OutShow MoreRelatedFive Guys Burger1601 Words   |  7 PagesFive Guys Burgers and fries: Ingredients for success To: Dr. Maggie Sizer Contemporary Business Due Date: 01/21/2013 Introduction The purpose of analyzing the success story of Five Guys burger is to examine the milestones covered by Five Guys to establish the successful business in private enterprise system. The perfect business plan that Five Guys has includes drivers of change on the system, the ethical and social responsibilities that Five Guys developed towards its employees. FurthermoreRead MoreMcdonal Class 12 Project7889 Words   |  32 PagesCBSE ROLL NO. : ACADEMIC YEAR : 2012-2013 TEACHER IN CHARGE : MR. JAMES THOMAS INDEX SL. 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This force should be weak. 1.2.2 Substitutions Substitutes are readily available: food can be purchasedRead MoreProject on Mcdonalds Marketing Mix3972 Words   |  16 PagesMc Donalds marketing mix | 7 | Rebranding | 8 | About logo and tagline | 9 | SWOT analysis | 10 | Advantages and disadvantages | 11 | Conclusion | INTRODUCTION McDonalds Corporation  (NYSE:  MCD) is the worlds largest chain of  hamburger  fast food restaurants, serving around 68 million customers daily in 119 countries.  Headquartered in the United States, the company began in 1940 as a barbecue restaurant operated by  Richard and Maurice McDonald; in 1948 they reorganized their business as a

Adolescent Group And Adolescents With Substance Abuse

Section One: Adolescent Group The population that I wish to serve is adolescents. I live in a small community where they currently do not offer a group for adolescents regarding substance abuse. The adolescent group will be broken down into two groups on two different nights: male and female. In order to prevent group dropouts, it is best to fit the members of each group in an environment where they will not feel judged, intimated, or embarrassed. By splitting up by gender, the group can focus in on male and female issues and allow a natural open discussion regarding thoughts and feelings. Adolescents are known to have a larger dropout rate compared to adults when dealing with substance abuse; however, there is inadequate study regarding treatment approaches precisely for youths (Becker Curry, 2008). Right around the 1980’s, adolescents dealing with substance abuse concerns were treated in an adult program, even though mentally and cognitively they were not developed to understand certain methods and strategies as an adult (Winters et al., 2011). Members of the group whom are diagnosed with co-occurring conduct disorder are consider to be difficult to receive successful treatment for within a group setting. More often, youth boys whom have conduct disorder have trouble recognizing and reacting to group signs and may often react with violent behavior to manage social concerns (Burleson et al, 2006). The large occurrence of conduct disorder in adding to the exclusiveShow MoreRelatedAdolescent Drug Abuse And Alcohol1426 Words   |  6 PagesDrug Abuse Adolescent Drug Abuse and Alcohol Nyria Madison Liberty University Coun 620 Abstract Around the world we are finding that most adolescent are experiencing drugs and alcohol. This has been a huge issue for years. 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Monopolistic Competition and Optimum Product Diversity

Question: Discuss about the Monopolistic Competition and Optimum Product Diversity. Answer: Introduction: There are several techniques in the hands of the government to control the production of any specific commodity within the market. To reduce the production of the commodity, the government impose taxes on them. On other hand, the government also imposes quota on the commoditys quantity sold by the producer. Government impose several excise duties and taxes to control the customers consumption. Tax imposition influence the demand and supply part of the market depending on the one who bears the burden of tax. The supply of alcohol and impact of taxation on the same within the economy has been shown by the diagram below and discussed henceforth. From the above drawn diagram, both the scenario has been depicted in which once the supplier is the main tax bearer and in the other the consumer is the main tax bearer. In the left side the demand curve is flatter than the supply curve. In this case the majority of tax burden is borne by the supplier himself. On the right side, the supply curve is flatter than demand curve. Here the burden of the taxes is delivered by the consumer. After the imposition of tax, the consumption pattern of alcohol changes. In economy, the imposition of tax is only depending on the elasticity of the demand and supply curve and the reaction of the consumer to the tax rate (Cowen Tabarrok, 2015). Other than taxation, the government may also impose quota on the price level below which alcohol could not be sold. The effect of such a price bar has been elucidated below: From the above diagram, E is the equilibrium level. The government imposes quota that is charge the minimum price over equilibrium price (at Po). As a result he demand of the quantity supplied is reduced (Qe to Qo). Due to surplus supply in the production of goods, the producer has to face a loss as their products remain unsold. Hence, they start to reduce their level of production and therefore supply curve shifts backward and equilibrium is restored at a point where the new supply curve (SS1) intersects the demand curve. In other words, equilibrium is restored at the price level dictated by the government. Thus from the above discussion it can be said that taxes are better than quota because imposition of taxes has dual benefit. This is because through taxation the government collects more revenue from the market and due to high tax the production and consumption decreases. On other hand, quota reduces the production of alcohol but people started getting adjusted to the high price and market gets cleared without any benefit to the government.he long run is the time period in which all these factors become variable and market are said to operate at their optimum possible level. The situation of the economy in long run under monopolistic competition has been shown through the diagram below and discussed thereafter. As per the given question, the minimum price quoted by the table manufacturer in the long run for selling each unit of table is $200. Monopolistic producer has the motive to earn the maximum possible profit and thereby always decide to sell the quantity dictated by the intersection of MC and MR curve. This is the situation where a monopolist firm is not being able to get or earn super-normal profit. The firm can only remain in business by staying on its respective break-even point. As seen in the diagram above that the minimum point of LRAC curve that is $200 is situated to the right of the intersecting point of MC MR. Hence, it can be said that the firm which is operating in the downward sloping part of its LRAC is charging higher than the price dictated by the minimum point of LRAC. There is existence of excess capacity under monopolistic competition. The reason behind such excess capacity has been shown in the diagram below: The ideal situation would have been production at the point where the LRAC is minimum that is the cost of producing each unit or good is minimum. Under monopolistic competition this point is unattainable as at this point the revenue yield by the firm is lesser than the cost. Therefore, any rational producer never thinks of operating at this point. Since they do not operate at the socially optimum level, therefore there remains excess capacity of the firms to produce more goods in the economy. Oligopoly market is a case of imperfect market. The name has been derived from the Greek word Oligos which means a few and Pollen which means to sell. It is the market where few sellers dominate and control the entire demand of the economy. The primary characteristics of oligopoly market have been discussed below followed by some real world example of oligopoly market in Australia. Number of sellers: The oligopoly market has been characterised with the existence of few sellers. There has been no specific number mentioned to categorise the term few but they should be small enough in number to strongly influence the market. Competition Rigidity in Price: Since there are only a handful firms in the market, each of them faces tough competition from their opponent. Everyone tries their best to maximize the level of profit earned by them and tries to influence the market price of the goods sold. On other hand, the changes in price are always avoided due to the restriction possessed by other competitors. Interdependence: There exists strong degree of interdependence amongst the firms in oligopoly market. This is because due to existence of very few firm, the decision of one firm affects the others. Usually it has been observed that the players decide upon the price via collusion. Uniformity Issues: There exists issues in uniformity within oligopoly as some firms are potentially big whereas some are very small compared to them. Barriers: There is existence of rigidity in the market. Any firm which wishes to enter the market has to face strong opposition from the existing firms. The barrier to exit is lesser than the barrier to enter the market. Three real world example of monopolistic competition in the Australian economy are their banking sector, super market chains and the pharmaceutical industry. The reason behind categorising them under oligopolistic competition is given as follows: Pharmaceutical industry: There is existence of only a few pharmaceutical industries as compared to the number of consumers. This is because there has been a natural barrier to entry poised by the high cost associated with this industry. On other hand, the barriers are also created by the pharmaceutical giants in order to maintain their position. Few such giants operating in Australian economy are Pfizer, Alphapharm, GSK and Sanofi-Aventis. Supermarket chains: Australia is the home of few supermarket giants like Aldi, Woolsworth and Coles. They have the responsibility of catering to the lions share demand for FMCGs in Australia. They often have price wars amongst them whereby each wants to attract their customer base by reducing their price and consequently everyone ends up selling at low price. Banking sector: Almost 90% of Australias financial decision is controlled by the big 4 banks of the nation namely ANZ, NAB, WBC and CBA. Since they hold the majority power, hence this industry in Australia falls under oligopolistic competition. Monopolistic competition is the market where there is existence of multiple numbers of firms each engaged with selling the same product. The products of monopolistic firms are not identical in nature. The market structure and characteristics of this firm is given as follows: Barriers: There is lack of stringency in the market with regards to the entry and exit. The firms with the motive of earning super-normal profit enter the market and whenever they cannot earn the profit, they try to leave the market. Buyers and Sellers: There are several producers in monopolistic market as compared to the oligopolistic market. Each producer has certain hold on the price-output decision of the economy. Knowledge: The monopolistic market has always been engulfed with deficiency in knowledge and lack of information. This makes the producers unaware of the exact taste of the people and the consumers remain unaware of the different variety of products available in the market. There are several products that falls under monopolistic market. Three such products that fall under monopolistic market and is a part of Australia are coffee, cereals and restaurants. Coffee: This globally acknowledged beverage can be consumed either when it is hot or when it is cold. In addition, there are several varieties of coffee to choose from. On other hand, multiple numbers of coffee shops exists in the market each quoting the price of their product in accordance with peoples demand. Restaurant: There are umpteen numbers of big and small restaurants in the Australian economy each working with the same purpose of catering food. Most of them cater a wide range of foods for their consumer to choose from thereby bringing in product differentiation. Cereals: The cereals that people consume for breakfast are available in a wide range of variety. It depends on the consumer whichever they want to eat. On other hand, the producer always try to bring in more variety in the market in order to kkep pace with the changing demand and attract more consumer. Duopoly is that market where the two sellers supply or serve to the consumer within a particular region. It gives them the power to control the price of commodities sold and gives shape the consumers demand. It is the simple type of oligopoly. Natural duopoly exists when two firms sustain in the market and the entry of the third firm is barred by the already existing firm and the huge cost associated with the entry. The features of natural duopoly are as follows: Existence of only two firms: Duopoly market is that when two firms take power to control the demand of the whole market for a specific commodity. Other firms that are present in the market have no power to control the quantity produced in the market and its price. Seller agreement: Under the market both the seller can take independent decision. There is no such agreement regarding the charged prices or the produced quantity of goods and services. Influence: When the two sellers are affected by the opponents decision and they thought that their partner is not influenced by them is the duopoly form. Here both the sellers predict the decision that their opponent would take and they execute their decision accordingly. In the above diagram the red coloured line is the market demand under natural duopoly. It is formed by the two intersecting blue lines which highlights the reaction function of the two firms. Entry into the market of duopoly by the new firms has always been kept at bay by the existing firms and even at times the restrictions are imposed by the government. Often it has been observed that the existing firms goes into collusion and decides upon the commodity price such that they can maximize their profits (Mankiw, 2014). On other hand if any other firms try to enter the market they are going to face a heavy loss and because of that steps back from entering. Entry of new firms are often restricted by the government if it can be found that the existing firm has comparative advantage and is able to meet the market demand. References: Baumol, W. J., Blinder, A. S. (2015).Microeconomics: Principles and policy. Cengage Learning. Bernanke, B., Antonovics, K., Frank, R. (2015).Principles of macroeconomics. McGraw-Hill Higher Education. Cowen, T., Tabarrok, A. (2015).Modern Principles of Microeconomics. Palgrave Macmillan. Mankiw, N. G. (2014).Principles of macroeconomics. Cengage Learning. Morrow, J., Dhingra, S. (2014). Monopolistic competition and optimum product diversity under firm heterogeneity.Journal of Political Economy. Nikaido, H. (2015).Monopolistic Competition and Effective Demand.(PSME-6). Princeton University Press. Pigou, A. C. (2013).The economics of welfare. Palgrave Macmillan. Rios, M. C., McConnell, C. R., Brue, S. L. (2013).Economics: Principles, problems, and policies. McGraw-Hill. Schwager, J. D., Etzkorn, M. (2017). Supply?Demand Analysis: Basic Economic Theory.A Complete Guide to the Futures Market: Technical Analysis and Trading Systems, Fundamental Analysis, Options, Spreads, and Trading Principles, 359-371.

What Dont You Know Essay Example

What Dont You Know? Essay Information is a blessing, a burden, a motive, and a deterrent- all-depending on how it is viewed and who acts as the viewer. As a viewer, I always force myself to take a second glance, to look back over my shoulder, even if I know nothings there. As a visual learner, I have the ability to conceptualize these moments and record them in my brain, down to every reaction. However, my experience volunteering in the American Red Cross Braille department has enabled me to conceptualize to what extent my sight remains a desideratum in my personal learning process. I was required to learn the Braille alphabet and number system. This did not at first seem to be an arduous task because I was used to memorizing, even trained to memorize, but only by sight. When I looked at these numbers I could easily tell is 0 and is 7. However, my curiosity led me to try to do this task with my eyes closed and read the textbook as if I was blind. Although I could feel the mass of compact dots, I could not feel the separations between each number that I previously saw. I realized that knowledge is more than what is set down on paper or orally discussed in a lecture. It takes the human eye to infuse these facts with shades of deeper meanings. As an observer, my personal search for knowledge involves the integration of my new experiences with my previous ones. Sight allows me to look at the world objectively or biasly, but these observations are my own and remain backed by my own life experiences. Frankly, I can never completely understand something, until I can see it and color it with my own perspective. We will write a custom essay sample on What Dont You Know? specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on What Dont You Know? specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on What Dont You Know? specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Through my life, I have learned to believe that the Earth has 7 continents and 5 oceans, but I have never had the experience of counting them beyond the realm of a map. I assume that the moon is 238,857 miles away, but I have yet the opportunity to measure it. Information is so powerful that the assumption of information, even if the information does not actually exist, can have a sobering effect. I have often blindly accepted information as true, but through this acceptance I have only denied myself the ability to ask the right questions and see the truth. As a student, I have often been asked to learn and understand novel ideas by means of textbooks or newspaper articles. But, how do I know this information it true based on words and text alone? Words limit the scope of my understanding because they define certain concepts, by restricting the idea to a definition. The multifaceted aspects of language allow people to explain the source of their knowledge. But consequently, language also inhibits its users, who can be restricted by trying to pinpoint the right word, when there might not be one strong or passionate enough to describe the intended meaning. Sight can turn conventional wisdom on its head because it bothers to challenge explanation for many issues that often go unexamined, unquestioned, and not corrected. For example, I know what love is because I have witnessed it everyday in the warmth of my home and the comforts of my school. Personally, I believe that love is a word that has numerous inaccurate definitions. Regardless, you just cant pin it down with six or seven meanings. Love transcends meaning. This feeling exists beyond the realm of language, but I know it exists because I see it everyday. It is that feeling in the pit of you stomach that occurs when you see someone you truly care about or even when you see a couple holding hands. However, I do not know what love means to you because I have yet to see the world through your eyes.