KFC VS MCD In the past few months‚ the fast-food restaurant chains have taken jabs at each other‚ offering similar dishes‚ matching prices and opening restaurants in close proximity. KFC‚ which primarily serves chicken‚ has taken aim at its burger rival with some of its own burgers called Zingers. For customers who prefer chicken inside buns‚ there is a snack called‚ well‚ Snackers. McDonald’s has responded with nuggets for those who like to chomp on chicken. A hamburger company in the eyes
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Introduction to Standard Costing Standard costing is an important subtopic of cost accounting. Standard costs are usually associated with a manufacturing company’s costs of direct material‚ direct labor‚ and manufacturing overhead. Rather than assigning the actual costs of direct material‚ direct labor‚ and manufacturing overhead to a product‚ many manufacturers assign the expected or standard cost. This means that a manufacturer’s inventories and cost of goods sold will begin with amounts reflecting
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Reverse flow Transportation flow Information flow Production/storage Logistic Process Figure: Logistic Framework The figure above shows the logistic process how it works from raw material to end user. Logistics is one of the main functions within a company. Logistics is the management of the flow of goods between the point of origin and the point of destination in order to meet the requirements of customers or corporations. Logistics involves
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Top That manufactures baseball-style hats. Material is introduced at the beginning of the process in the Cutting Department. Conversion costs are incurred (and allocated) uniformly throughout the process. As the cutting of material is completed‚ the pieces are immediately transferred to the Sewing Department. Data for the Cutting Department for the month of February 2005 follow: Work in process‚ January 31-- 50‚000 units 100% complete for direct materials‚ 40% completed for conversion
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Literature Review McDonalds is easily recognized as the world’s largest chain hamburger fast food restaurant. Serving over 68 million customers across 119 different countries. Now there are over 32‚000 different stores worldwide all of which have the “golden arches” a slogan that began in 1968 and has been a prime symbol of McDonalds ever since. Over 1.7 million people are currently employed for the company. The company saw several growth opportunities and were more than willing to take their shot
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Table of Contents Introduction 3 McDonald History 3 PESTLE Analysis 3 Political 4 Economical 5 Social 7 Technological 10 Legal 12 Environmental 14 Industry Analysis based on Porter’s Five Forces 16 Rivalry among existing Industry Firms 16 The Threat of New Entrants 16 Threats from Substitute Products 17 Bargaining Power of Suppliers 17 Bargaining Power of Buyers 17 CONCLUSION 18 REFERENCING 19 Online resources 19 Introduction Globalization has made the world
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Business Information of McDonald McDonald is a world largest fast food chain and has much strength in its company that allows it to build a functional structure in the world. McDonald mainly sell burger since in year 1955 and until now‚ there are more than 33‚000 McDonald in 110 countries. McDonald average serving 54 million customers per day‚ by providing different types of services such as drive thru‚ delivery‚ dine in and walk thru. McDonald became world largest fast food chain restaurant in
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Training Glossary I.T. Customer Services at McDonald’s Stock Control Careers Customer Services Training Glossary I.T. Customer Services Talking Point Franchising Marketing Construction Talking Point Apprenticeships Introduction Finance at McDonald’s Customer Services Apprenticeships Education Stock Control Marketing Franchising Construction Marketing Construction Franchising Marketing Finance Finance Training Glossary I.T. Training
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Kaizen Costing What is Kaizen costing? Kaizen is a Japanese term that means continuous improvement. Kaizen events can be defined as making improvements through a process that emphasize small incremental amounts rather than large or radical improvement. Therefore in order to achieve this kaizen costing not include only continuous cost reduction but also continuous improvement of performance by increase the efficiency throughout the process. Why we need Kaizen costing? Market prices of a product
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flush accounting is one of the accounting systems that support Just in Time system. Just in time is the inventory system that produced the required items at the right time and the right place. Accounting was delay the recording of transaction during process is known as back flush accounting. The system is the transaction was only recorded once the product was completed. Back flush accounting is the system that focuses on the output of organization and then work backwards when allocating costs between
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