Economic Trade-off Analysis of Cracker Jack
When I was little, Cracker Jack came in cardboard boxes, and
the prize inside was often pretty cool: a whistle or a ring,
or some similar gadget. This was also in the days when Oscar
Mayer gave away tiny hot-dog-shaped whistles as promotional
items. In those days, whistles were pretty popular. Slide
whistles were a very common favor at birthday parties.
I remember an older cousin came back from the army once, and
he had a really cool whistle that played several different
notes. It had come out of a box of cracker jacks.
My supplier in those days was my grandfather, who conveniently
owned a liquor store. My brother and sister played with
my cousins in canyons and caves made out of the corrugated
cardboard crates in the storeroom of beer and cigarettes. Of all
the goods in the store, the interesting ones were the freezer
(ice cream), the candy rack, and the magazines (Archie, Richie
Rich, The Avengers, Fantastic Four...). The comics must have
come from a Marvel distributor rather than DC, because Batman
and Superman were rarities; Spiderman was ubiquitous.
Cracker Jack was advertised as America's favorite snack. There
were some drawbacks that were well-known to 10-year olds back
then. First, the pour spout was a fraud. "Push here to open" was
a lie. The box was not perforated there, and it was difficult if
not impossible for small fingers to puncture the cardboard. Far
more effective was to peel away the outer wrapper and slip open
the box at a seam. The other well-known bug was that all the
peanuts were always at the bottom. The problem with the peanuts
didn't bother me, however, since I didn't care much for them.
I was in the store the other day, and ran into America's
favorite snack again. The product hung in four-ounce bags
near the bakery section of the supermarket. Bags of Cracker
Jack? The package coloring was the same, the logo was still a
boy in a sailor outfit accompanied by a dog: Sailor Jack and
Bingo. It was 99 cents, and there was a surprise inside. Didn't
it used to specify a "toy" surprise inside?
I had known that for some time now, Cracker Jack did not come
with real toys; instead, today's youngsters get tiny joke
books or stickers. No whistles or rings or anything that
might possibly present either a choking hazard or a potential
lawsuit. Besides, paper is a lot cheaper to manufacture than
plastic, so I'm sure the profit margins went up. Today's prize,
once I opened up the the package, was a paper ring.
§ The phenomenal success of Frito-Lays Dips was due to two factors: cheese dips were novel and Frito-Lays flavors were innovative, and they had the right merchandising location next to salty snacks.
In the season two episode two, Marcus Lemonis takes a visit to A. Stein Meat Products that is fabricated Beef and Lamb Cuts. The whole sale meat supplier is in Brooklyn, New York and it does 50 million dollars of revenue annually with a high operating costs in razor thin margins. The A. Stein Meat Products has been selling their quality meats for about 75 years to the finest restaurants along with shipping their products all over the country. In the last year they lost $400,000 if it continues the A. Stein Meats will be forced to close its business and with about 47 employees will be out of work.
Golden Corral is a very popular all you can eat buffet and one of my personal favorites. With the cost of an all you can eat buffet at $11.99, People often flock to this popular hot spot to take advantage of their variety of entrees, fresh made rolls and decadent deserts. However, Golden Corral like all buffets work on the concept of diminishing marginal value, which states that less satisfaction is gained by consumption of an additional unit. An article called The Economics of All You Can Eat Buffets by Mathew Waller states that buffets make their money by charging a price well above what the average consumer consumes based on the principle that the customer will be at a point of zero marginal utility before they have consumed where
According to Principles of Microeconomics, a monopoly occurs when a firm ends up being the only provider of a good/service where there are no rivals due to difficulty in entering that same business. Once this happens, the firm has more control on the prices for its goods/services available to the public. The firm then has monopoly power as a price setter (Rittenberg, 2012). However, does this term of a firm being a monopoly apply to the Whole Foods Inc?
Technology, what is it? It’s usually something new, and better than the old idea. Technology started with cars, stoves, TV, radios, etc. Cars takes somebody from one place to another, faster than walking, running, or biking and one could go places without getting tired. Stoves allowed one to conveniently be able to turn on and off heat to a cooking utensil with less clean up. The biggest contributor to making our lives easier would be computers, which has come a long way since its introduction to the world. Also, computers have the ability to be improved more, and more in time. In general, technology started off by comforting our lives. Now, the rapid growth of technology has replaced the need for one’s own intellect.
“ ...Young men’s love then lies/ Not truly in their hearts, but in their eyes.”, claims Friar Lawrence in the play Romeo and Juliet when he gets the insight of their love (2.3.67-68). Romeo and Juliet, a play written by William Shakespeare which portray a fateful love story of two star-crossed lovers, Romeo and Juliet in opposing families in Verona, Italy. It is recognized as the most beautiful, and heartwarming love story in history in playwrite, but is it? The true feelings of love is like a tree. It might not be as extravagant and astonishing as a rose can be, nor can not be quickly grown as a zinnia, but it is stable, and provide a shade to rest in and a bark to lean on. Therefore, the acts of Romeo and Juliet is not based on true love, because Shakespeare portray Romeo and Juliet in the process of infatuation, the premature love that often completely carries the couple away by unreasonable love and passion for one another.
McDonalds is one of the most well known fast food restaurants in the world. It is so popular that it sells seventy-five hamburgers every second and is shockingly also the worlds largest toy distributor (Lubin, and Badkar.) The powerful company is an overwhelming influence not only in the worlds economy, but also the worlds holistic lifestyle and health; therefore, McDonalds must be carefully monitored-carefully monitored meaning every move, every change, every single action the company makes needs to be a healthy one. Since the McDonalds business is unbelievably large, it has to manufacture a lot of food, and in a fast food business more in numbers means lower quality. But the food served isn’t lower quality. The food is not even food. It is poison! The chain restaurants food that is sold to the world population contains over 70 cancer-promoting ingredients (Roberts), not to mention it also contains preservatives that are butane-based, bleached flour, and the main ingredient found in silly putty (Breyer). It is clear that McDonalds does not sell food that anyone should be eating; yet, it poisons 68 million people a day, or in other words one percent of the population (Lubin, and Badkar.) 68 million people poisoned every single day. This atrocity absolutely without doubt needs to be stopped.
Romeo and Juliet, written by William Shakespeare, was one of the first plays about romantic love. In Act I of Romeo and Juliet, Shakespeare demonstrates different forms of love that characters face. Additionally he establishes the characters conflict and emotions towards love. These emotions acknowledge an important matter that is known throughout the world, love. Love is important because it is a universal issue that everyone relates to. Shakespeare cooperates unrequited love, false love, and ill-fated love into Act I to connect different types of audiences. These forms of love create a major theme about romantic love.
This case examines issues of asset control for Ben & Jerry’s Homemade, Inc., in light of the outstanding takeover offers by Chartwell Investments, Dreyer‘s Grand, Unilever, and Meadowbrook Lane Capital in January 2000.
Burts potato chips started with one single fryer in 1997 from home in South Devon, UK by Richard Burt. They produce quality hand cooking chips by using only the finest natural ingredients. Mr. Burt sold his company to the present owner Nick Hurst in 2000 and moved to Plymouth in 2006 to expand. Through the Belliver Way Base, Adding new frying and bagging equipments, to the tune of about 5million with the staff, now employing about 100 employees to increase the production and rebranded its products. Today The Company has grown to 15m turnover and won the food manufacturing excellence awards to taste of the west gold 2012.
Burger King was founded in 1954 by James McLamore and David Edgerton. In 1954, McLamore and Edgerton decided to open the first Burger King in the beautiful Miami, Fl. In 1957, “The Whopper” sandwich was introduced and became an instant success, leading the two founders to develop “Burger King, Home of the Whopper” campaign in 1958. With the opening of two restaurants in Puerto Rico in 1963, the founders acquired national and international franchising rights for the Burger King brand in 1961. In 1967, Burger King became a fully owned subsidiary. Later, James McLamore joined the board of directors of Pillsbury and continued to be involved with Burger King until he retired. According to the history of Burger King, at the time of acquisition, Burger King was comprised of 274 restaurants with 8,000 employees in the United States. In the 1970s, Burger King was marked by a number of important milestones, including the “Have It Your Way” campaign in 1974 and the introduction of the Drive-thru service in the U.S. in 1975. In 2006, Burger King Holdings completed a successful initial public offering, and listed its stock on the New York Stock Exchange. According to the Burger King article, the latest entry in the fast-food value menu competition comes from Burger King. The
That same year, at the suggestion of two “DeadHeads’ from Portland Maine, Ben and Jerry introduced the first ice cream named for a rock legend, Cherry Garcia. In 1988 they introduced Chunky Monkey at the request of a college student in New Hampshire.
Someone you love very much is dying from an illness. This person might be your significant other, a parent, a child, or maybe a close friend. Their only saving grace is a drug discovered and owned by a local pharmacist. There’s just one problem: you cannot afford the drug and must make a life or death decision on what to do next. This situation is known as the Heinz Dilemma, and most of the subtopics of this chapter can all be tied back to this core issue. Do you steal the drug and save a life, or follow the law and let someone you love die? Also discussed in this chapter is how moral development affects choice-making, the different stages of moral development, and how morality develops.
These are all very real concerns for companies and their legal counsel. In addition to the concern over current employees causing problems with social media usage, internally it can be a danger. In some cases, potential applicants are being asked to provide their passwords to enable a possible future employer into their personal accounts. This violation of privacy opens up huge legal implications for companies, especially when done during a hiring process. If an applicant is not hired and the applicant can prove it was due to something on their social media accounts, this could cause a company large sums of money to settle claims or battle them out in the court system.
(Danpontefract.com 2014) 36% of employers actively block access to all forms of social media including YouTube and Facebook. The reason such sites are blocked is because of information leaks, whether intentional or accidental, vital information can be stolen and used maliciously causing massive problems for the company affected. This is why companies should think about what restrictions are put in place for social networking, as well as internet and security