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Three Fast-Food Chains Are Discussed in the Text

question 16

Essay

Three fast-food chains are discussed in the text.McDonald's traditional process is make-to-stock; Wendy's has a make-to-order process and Burger King has a process which is a hybrid of the other two.Discuss
the advantages and disadvantages of each of these approaches.Why do you suppose that each of these approaches can survive in the fast food industry?


Definitions:

Knowledge Management

The process of creating, sharing, using, and managing the knowledge and information of an organization.

Cost Effective Logistics

The strategic implementation of logistics and supply chain operations to minimize costs while maximizing efficiency and effectiveness.

Hard Facts

Objective, verifiable pieces of information that are indisputable and backed by evidence.

Linear Programming

A mathematical method for determining a way to achieve the best outcome, such as maximum profit or minimum cost, in a given mathematical model.

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