Restaurant Industry Analysis

Industry: eating places Sector: Services Industry Overview: Yum! operates in both(prenominal) the degenerate Service Restaurants and episodic Dining Restaurants segments within the Restaurant Industry. lively Service Restaurants ar fast(a) victuals restaurants which emphasize speeding of service and low cost over all former(a) considerations. Casual Dining Restaurants are sit-down restaurants which serve passably priced food. lovesome Service Restaurants include Taco Bell, KFC, Long seat liquids, McDonalds, Burger King, Dominos, Subways and Wendys. Casual Dining Restaurants include pizza Hut, A&W Restaurants, Olive Garden and Red Lobster. Yum is consistently unity of the best performing companies within its industry. Demographics, consumer tastes, and personal income apparent proceeding demand. The profitability of individual companies can vary. QSR rely on in force(p) operations and high volume sales. Large companies like YUM! bill advantages in get, financ e, and marketing. The industry is highly labor-intensive. The annual revenue per worker is between $40,000 and $45,000 in the US. The restaurant industry includes national and globose chains, franchises, and independent operators. The majority of companies are independently owned and operated, although galore(postnominal) QSRs are franchises of large national chains.

Franchises allow individual owners to leverage a well-known brand name and benefit from the purchasing efficiencies and operating(a) expertise of the franchiser. Franchise agreements in general cover a specialised geographical market and outline restaurant direct requirements, much(prenominal) as hours of operation, menu offerings, and pricing. Annual sales o! rdinary is $694,000 for a QSR franchise, according to the National Restaurant Association (NRA). In QSRs, customers generally drift and pay before eating. While around QSRs are fast food restaurants, QSRs also include fast everyday restaurants, which offer higher quality, more expensive food without remand service. QSR restaurants compete with companies that serve...If you want to get a unspoiled essay, order it on our website: OrderEssay.net

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