Fast Food Restaurants Produce a Range of Menu Items Such

question 22

Multiple Choice

Fast food restaurants produce a range of menu items such as hamburgers,chicken sandwiches,salads,and french fries.What fundamental economic question are they addressing by offering this range of items?

• A)How to produce goods that consumers want?
• B)Why produce a variety of menu items?
• C)What to produce?
• D)Who to produce the menu items for?

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Definitions:

Employee Benefits

Various types of non-wage compensation provided to employees in addition to their normal salaries or wages.

Organizational Structure

The way in which the work, authority, and systems of communication are organized within a company or institution.

Organizational Culture

The shared values, beliefs, and practices that shape the social and psychological environment of a business or organization.

Cost Leadership

A business strategy aimed at becoming the lowest cost producer in the industry, allowing the company to undercut competitors on price while maintaining profitability.