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Kentucky Fried chiecken's success in Asia dramatizes the case for becoming a global firm. While KFC's market share in the United States has fallen because of American's interest in reducing their consumption of fried foods, KFC has become the fast-food leader in China, South Korea, Malaysia, Thailand, and Indonesia. In Japan and Singapore, it is second only to McDonald's. It is more than 1, 470 foreign outlets average $1.2 million in revenue per store, about 60% more than it's average U.S store. In Tiananmen Square, KFC operates its busiest outlet - a 701 - seat restaurant serving 2.5 million customers a year. In general, KFC's Asian outlets appeal to young, middle class, urban workers with rising incomes KFC's Asian restaurants serve basically its standard fried chicken, mashed potatoes, and coleslaw but have also offered a few adaptations, such as a spicier chicken in Thailand and chicken curry in Japan. KFC offers no beef or pork products, which are not generally consumed by the people in Asian countries. What other U.S companies in food business do you think would appeal to the markets that KFC is serving? Why? What are some of the cultural, linguistic, or technological barriers that U.S exporters would have to overcome to be successful in these markets?
The purchasing agent for a municipality has contracted with a local car dealer to purchase four cars. The dealer has 25 cars on his lot; 10 red, 7 blue, 6 white, and 2 purple.
Mauricio has a circus act, and he has a budget of $720 to spend on monkeys and unicycles. The cost of a unicycle is $120 and the cost of a monkey is $90. Please graph Mauricio\'s budget constraint on the graph below.
Suppose that in the market for aluminum rods the demand and supply functions are given by: Find the initial equilibrium price and quantity. Calculate the initial consumer surplus (CS) andproducer surplus (PS). Suppose the government imposes a price f..
What is a payment gate-way also discuss how does it Works. Name the three most vulnerable points in e commerce environment and also discuss why these points are so vulnerable and what is the solution?
Use graphs and charts to illustrate and explain the Overshooting Model of Exchange Rate Determination. Use causal chain diagrams and time series graphs to show the time series response of each of the variables in the model.
Which of the following factors reduces the need for government involvement in the marketplace?
Explain the law of supply, and why the supply curve slopes upward? How is the market supply curve derived from the supply curves of individual producers? Identify what are the major determinants of price elasticity of demand?
In a piece dated October 15, 2014 and released by the Indiana University Center on Congress, author and retired member of the US House of Representatives Lee H. Hamilton made the following comment about corruption in politics: “Maybe it’s time we loo..
Theory of rational expectation assumes or argues that:
A commonly debated issue in macroeconomic policy is whether or not the government should balance its budget. What is your stance on this issue and why? (If you can cite a study that supports your stance, it would be helpful.)
Please describe the actions of the economic actors in the economic circular flow diagram and the physical and monetary transactions that occur in each market of circular flow diagram. What is the circular flow diagram describing? Please explain the t..
The Soup Nut serves his signature minestrone soup in two different bowl sizes, large and small. What strategy should he use to extract the most surplus possible out of customers who come in two types, regular and big eaters, when he cannot distinguis..
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