INSTRUCTIONS:
1. Read questions carefully. Answer completely.
2. All three answers should be in one Word document.
3. Write your name at the top of the document.
4. Submit the document through Canvas.
(30 pts) 1. As the recently appointed general manager of the southeast region of Dunkin’ Donuts, you have been thinking a great deal about sales and expenses for your restaurants. This is particularly important to you, as a big part of your compensation is a bonus program, which would pay you 10 % of income.
a) Discuss the following concepts that relate to improving sales in your restaurants:
Marginal utility, including diminishing and negative marginal utility. (5 pts)
Total utility and sales to a customer. (4 pts)
Why you are thinking about having more promotional activities, such as buy one, get one free. (4 pts)
Customer delivered value. (4 pts)
b) Explain why you are considering being open 24 hours on Friday and Saturday. (4 pts)
c) Explain a variable cost and provide an example from Dunkin’ Donuts. (3 pts)
d) Explain a fixed cost and provide an example from Dunkin’ Donuts. (3 pts)
e) Explain how operating income for Dunkin’ Donuts is determined. (3 pts)
Dunkin’ Donuts’ restaurants serve hot and cold coffee, baked goods, and hard serve ice cream. The company also offers packaged coffee, Dunkin’ K-Cup pods, and ready-to-drink bottled iced coffee
56
(30 pts) 2. You are getting ready to go shopping for holiday decorations at Target. Explain the following concepts in the context of shopping for the holiday decorations at Target*.
a) What would cause a change in the quantity demanded? What would cause a change in the demand for the holiday decorations? (8 pts)
b) Discuss the holiday decorations in the context of “inferior” good and “normal” good. (3 pts)
c) Discuss the holiday decorations in the context of “complementary” good and “substitute” good. (3 pts)
d) Discuss the holiday decorations in the context of the price elasticity of demand. (6 pts)
e) Discuss the holiday decorations in the context of market equilibrium. (5 pts)
f) Discuss the holiday decorations in the context of a change in supply. (5 pts)
*Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise. The company also provides in-store amenities, such as Target Café, Target Optical, Starbucks, and other food service offerings. It sells its products through its stores; and digital channels, including Target.com. As of September 19, 2019, the company operated approximately 1,800 stores. Target Corporation was founded in 1902 and is headquartered in Minneapolis, Minnesota.
(40 pts) 3. Identify and explain ten concepts discussed in this course that you believe would be important to a business owner/manager. (4 pts each)
1. Market Economy / Demand & Supply
2. Market Failure and role of government
3. Elasticity
4. Sales
5. Expenses
6. Monopolistic Competition
7. Economic Indicators
8. Oligopoly
9. Inflation
10. Monopoly
Why Work with Us
Top Quality and Well-Researched Papers
We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.
Professional and Experienced Academic Writers
We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.
Free Unlimited Revisions
If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.
Prompt Delivery and 100% Money-Back-Guarantee
All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.
Original & Confidential
We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.
24/7 Customer Support
Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
Our Services
No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.
Essays
No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.
Admissions
Admission Essays & Business Writing Help
An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.
Reviews
Editing Support
Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.
Reviews
Revision Support
If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.