Quick Service Restaurants Have Basically Saturated the Market

question 10

Multiple Choice

Quick service restaurants have basically saturated the market. One strategy that some QSRs are using to increase sales is

• A) serving higher-quality food
• B) co-branding at stores and nontraditional locations
• C) offering alcoholic beverages
• D) hiring very skilled labor to enhance quality

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Definitions:

Short-Run Aggregate-Supply Curve

A graphical representation that shows the relationship between the total production of goods and services and the price level in the short run.

Aggregate Demand

Aggregate requirement for all types of goods and services across an economy at differing levels of prices, during a specified period.

Aggregate Supply

The complete inventory of goods and services that businesses in an economic setting aim to sell during a designated timeframe.

Aggregate Demand

The total demand for all goods and services in an economy at a given overall price level and in a specific time period, comprising of consumption, investment, government spending, and net exports.