4. Is the job in fast-food restaurant exploitative? It yes‚ in what sense it is exploitative? Please also take into consideration the implementation of minimum wage when illustrating your argument. Introduction Exploitation is a term to describe person that are being mistreated. Karl Marx used it to explain the relationship between the capitalists and workers. It is claim that the value of a product is depended by how much labor has paid on it such as time‚ energy or ideas. Therefore the price
Premium Minimum wage Karl Marx Exploitation
"Explain the causes for the popularity of fast food restaurants" In this modern lifestyle the popularity of fast food restaurants are growing every day. Fast food restaurants have appeared in large quantities all over the world and these restaurants have become more popular‚ because fast food can be prepared and served very fast. Jessica Williams (2007‚ p. 216) finds that “Fast food restaurants were firstly appeared in Unites States in the 1940s. Today there are hundreds of thousands of them.
Premium Food Fast food Nutrition
Today‚ fast food restaurants have appeared in large quantities all over the world. Many fast food companies all have business everywhere such as McDonald’s‚ KFC and Burger King. Variety of people‚ especially the youths‚ prefers to eat fast food than cook at home. Absolutely‚ fast food is convenient for people’s lives‚ and has become popular in the world. However‚ fast food is making the world unhealthy and impatient. The appearance of fast food restaurants represents the fast pace of the world’s
Free Fast food Nutrition Hamburger
Reporting For Fast-food Restaurants Why do Fast-food Restaurants do Reports? - 25 Fast-food restaurants generate reports to provide information to the team members about the status and progress of the team and the business. Reports for fast-food restaurants contain essential data about the team’s performance and activities‚ including achievements and issues. The team’s accomplishments establish the team’s breakthrough within a specific time frame‚ allowing them to determine where they are in the
Premium Fast food Fast food restaurant Hamburger
Economies of scale Definition Reduction in long-run average and marginal costs‚ due to increase in size of an operating unit (a factory or plant‚ for example). Economics of scale can be internal to a firm (cost reduction due to technological and management factors) or external (cost reduction due to the effect of technology in an industry). Diseconomies of scale Definition Increase in long-term average cost of production as the scale of operations increases beyond a certain level
Premium Economics of production Microeconomics Cost
ECONOMIES OF SCALE Economies of scale are basically the increase in efficiency of production as the number of goods being produced in a firm increases. Typically‚ a firm that achieves economies of scale lowers the average cost per unit through increased production since fixed costs are shared over an increased number of goods. Fixed costs are those costs of production that do not change when output changes. There are two types of Economies of Scale: Internal economies External economies Internal
Free Economics Management Costs
Nowadays when teens are job hunting‚ one of the first places they go to are fast food establishments. Some may say this is an excellent way for teens to start off as they prepare for their lives in the real world‚ however not all agree. Amitai Etzioni the author of the article “Why Fast-Food Joints Don’t Serve up Good Jobs for Kids” argues that these corporations offer very little‚ if any‚ positive feedback or any useable knowledge and are basically just plain bad for these adolescent teens. As
Premium Learning Fast food Skill
ECONOMIES OF SCALE When a firm moves from small scale to large scale production‚ the average cost of production of each unit falls. The reasons for which this happens are known as economies of scale – they are the benefits which result in the cost savings of large scale operations which come about when a firm expands. In other words‚ economies of scale are advantages reaped by firms engaging in large scale production. There are two types of economies of scale. They are: * Internal economies
Premium Economics Costs Firm
Economies of scale are the cost advantages that a business can exploit by expanding their scale of production. The effect of economies of scale is to reduce the average (unit) costs of production. Economies of scale‚ in microeconomics‚ refers to the cost advantages that an enterprise obtains due to expansion. There are factors that cause a producer’s average cost per unit to fall as the scale of output is increased. "Economies of scale" is a long run concept and refers to reductions in unit cost
Premium Economics of production Microeconomics Costs
entry in an oligopoly is economies of scale. Economies of scale generally refer to the cost advantages that will be associated with large organizations. Margaretta (2012‚26) suggests that companies pursue economies of scale in the belief that this will be decisive in determining a competitive advantage and increased profitability. Woolworths enjoys significant economies of scale in relation to its competitors. In the supermarket industry‚ benefits of economies of scale is usually achieved by buying
Premium Supermarket Marketing Economics