1. Bagel restaurant is likely to be a constant industry because it is in the perfect competition industry. Bagel restaurant is in the perfect competition industry because there are few entry barriers in this industry. Anyone could enter this industry. In the short-run‚ existing firms might get profit just as the case of George’s bagel chain. However‚ in the long-run‚ the profit attracts new competitors into this industry‚ causing price competition. Because each firm will produce at the point where
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be obliterated into nothingness in a matter of minutes? Einstein Bro’s bagels have already been killing me anyways. See‚ every morning I woke up with a routine. I could bore you with the details‚ but I’ll skip to the part where I’d get in my car and drive to Einstein’s Bros at 6:45 A.M sharp‚ and Einstein (his real name’s George but I like to call him Einstein) would make me a perfect bacon‚ egg‚ and cheese on a plain bagel. Then I’d leave with 20 minutes to get to my class. It really wasn’t just
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The Bagel Hockey Case describes the work environment of a cafeteria at a training academy. Most of the non-management employees are students‚ who show very little interest in their jobs. They are satisfied with doing just enough work to retain their positions and not be reprimanded for poor performance. The atmosphere at the cafeteria is very relaxed and even the managers joke with others. Mrs. Laraby is a manager that is in charge of scheduling‚ hiring‚ and firing. She promotes
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the business cycle affected Finagle A Bagel? * The business cycle has affected the Finagle A Bagel in a positive way. I say this because the business is spreading and opening up more restaurants‚ so the business cycle has had a successful impact on the business even though running the business is nonstop. 2. What is Finagle A Bagel doing to differentiate itself from competitors that want a share of consumers’ dining dollars? * The Finagle A Bagel restaurant uses high quality‚ fresh products
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for the industry is constant. An increasing cost industry is one in which the LRMC for the industry is increasing. Which is more likely to be a constant cost industry: bagel restaurants or cranberry production? Explain. What does this imply about the slopes of the long-run supply curves in these industries? In this article‚ the bagel industry closely resembles a constant cost industry. A constant cost industry is a perfectly competitive industry that gives a horizontal long run industry supply curve
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[pic] Feasibility Study: Einstein Bros Bagels Franchise Einstein Noah Restaurant Group Due Date: December 3rd‚ 2009 By: Erika Quinones [pic] TABLE OF CONTENTS EXECUTIVE SUMMARY…………………………...……………………………3 BUSINESS CONCEPT…………………………………………………………….4 MARKET FEASABILITY………………………………………………………..10 TECHNICAL FEASABILITY……………………………………………………12 FINANCIAL FEASABILTY……………………………………………………..15 Executive Summary Einstein Bros Bagels will offer various types of food and beverages
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Bruegger’s Bagel Bakery 1. Benefits and risks of their inventory policy; a. Benefits: this policy maintains a high degree of freshness in the final product by continually supplying fresh product to the stores. It minimizes storage‚ inventory and overhead costs. Delivery of raw materials is scheduled based on the needs of production‚ such that materials arrive just as they are needed. A strong relationship with raw material suppliers and strict monitoring of material levels is essential to this inventory
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chain in the world. They serve over 5‚500 retail outlets; selling more than 4 million doughnuts and 2.7 million cups of coffee daily! Dunkin’ Donuts are famous for their many varieties of doughnuts and their wide range of bakery products - muffins‚ bagels and munchkins® donut hole treats. Their products are represented by more than 6‚590 worldwide points of distribution‚ including approximately 4‚815 units in the United States alone. History of Dunkin’ Donuts 1946: Bill Rosenberg invests $5‚000
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The demand function for Einstein Bagels has been estimated as follows: Qx = -15.87 – 40.73Px + 84.17Py + 0.55Ax where Qx represents thousands of bagels; Px is the price per bagel; Py is the average price per bagel of other brands of bagels; and Ax represents thousands of dollars spent advertising Einstein Bagels. The current values of the independent variables are Ax=216‚ Px=0.85‚ and Py=0.79. a.Calculate the price elasticity of demand for Einstein’s Bagels and explain what it means. b.Derive
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arrested for DUI in a particular county. 2. A bagel shop sells only two different types of bagels: plain (P) and cinnamon raisin (C). Five customers are selected at random. Past records have shown that the demand for cinnamon bagels is twice that for plain bagels. Each customer buys only one bagel and the experiment consists of recording what kind of bagel these five customers buy. Let the random variable X be the number of people who buy a plain bagel. (a) Find the probability distribution for X.
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