Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
Company Economic Forecast: Panera Bread
Explain the business you are in. Explain your business and the different industries that would impact your operation.
One new eatery that is still in the process of expanding nation-wide as a franchise of note is that of Panera Bread. As an emerging business, it is an excellent business investment prospect, far from 'bottoming out' as older, more established coffee cup centered franchises such as Starbucks. Unlike Starbucks, Panera is also known for the quality of its sandwiches and pastries as well as for its coffees and other hot beverages. It is especially popular as a lunch and breakfast establishment for eating in or carrying out, rather than for after hours lingering. Its main clientele is often slightly older than Starbucks, that of office workers -- hence its proclamation, upon its website that one ought to impress the boss with an order from Panera. (Official Website, http://www.panerabread.com/default.aspx)
Panera is more upscale in its market pricing and positioning than, for example, another sandwich franchise...
But all industries impact the restaurant industry of course, not just competitors. The diet industry, diet fads, and the overall price of food all have an effect, as well as a supply of inexpensive labor, as students and minimum wage employees usually staff franchise counters. If food costs do not go down, such as the escalating price of milk the prospects for a mid-line food chain, like Panera which is neither cheap nor luxury in its marketing position could be dicey
Part II
Describe the current environment. Given the recent history of the economic environment, explain where your business currently stands and why.
At present, the outlook for the American economy is mixed. Unemployment is declining and new orders for merchandise are on the rise. Yet consumer expectations have failed to keep apace with these prosperous developments, which may partly explain ordinary American's reluctance to begin new houses or boost the stock market with greater revenue. The fact that unemployment is down is good for Panera, because eating out is one…
Work Cited
Panera Bread. (2005) Official Website. Retrieved 1 Feb 2005 at http://www.panerabread.com/default.aspx
If there is a risk that one of the family members will lose his or her job, that will add risk to the purchase decision. The riskier the purchase decision, the lower the price will need to be in order to compensate for that. Another factor here is the expected change in housing prices or interest rates. Buyers are inclined to enter the market if they believe that the
Economics Mexico; How Interest Rates Can Be Used to Manage an Economy The management of the economy, undertaken with strategies from the government and decision fro the central bank, is usually undertaken with the aim of promoting and supporting a stable economy, balancing the desire for sustainable growth with the need to constrain inflation. This is an issue faced by almost all countries; inflation can be harmful to an economy, impacting not
Economics Jim Hargrove, CEO Excess inventory Neptune has over 60 days' worth of inventory and is faced with some interesting solutions to address this issue. This memo will analyze the issue and the proposals put forth by the management team. The memo will conclude with a recommendation for action. New fishing rules and new technology investments have allowed Neptune to take bigger catches. Despite record sales, the company is still accumulating inventory. There are
When I understand what drives people to buy bottled water, I will be in a better position to forecast demand. I expect disposable income, distribution saturation, cleanliness and taste of tap water and price of bottled water will all factor. With this information, I could understand the price elasticity of demand, for example, or the elasticity of demand relating to any other variable. Going international I would focus on
Increases in manufacturing reveal benefits early, one can track the benefit at all stages and report the benefits to the public quickly. According to a statement released by the Center for American Progress, "solar panels don't install themselves. Wind turbines don't manufacture themselves. Homes and buildings don't retrofit or weatherize themselves. In our industrial society, trees don't even PLANT themselves, anymore. Real people must do all of that work."
Economics Discussions Production Costs Postal Service (USPS) operates at a loss but its closest competitors -- UPS and FedEx -- both operate at a profit. Suggest how fixed costs have contributed to the situation of the USPS. Provide support for your response. I would suspect that the fixed costs of contributing to employee's retirement funds (Risk Analysis Research Center, 2009, p. 4) and also their restriction from closing local offices (Slentz and McCann,