Briefly state several reasons for the decline in sales for McDonald's in 2001-2002
What will be an ideal response?
Consumer tastes and preferences changed as more individuals became concerned about the high-fat content of most fast foods. There were a number of lawsuits launched against the fast food industry with respect to health issues of their customers. The fast food industry was under competitive pressure from the emergence of "quick casual" restaurants.
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During the Chinese experience with pegging the yuan to the dollar, the yuan was ________. As a result, there was a ________ of dollars on the market, and the Chinese government had to purchase dollars to maintain the peg
A) undervalued; shortage B) undervalued; surplus C) overvalued; shortage D) overvalued; surplus
A detail from the text: OPEC is an acronym for the world's most famous cartel. The acronym stands for
a. Oil and Petroleum Export Cartel b. Organization of Producers of Exported Crude c. Organization of Production and Exchange Countries d. Organization of Petroleum Exporting Countries e. Oil and Petroleum Extraction Countries