Tuesday, October 29, 2013

On Tuesday, October 29, an article in the Daily Press titled "Burger king thinking 'impactful' ", explained that Burger King is not going to put introduce as many seasonal menu items in order to improve the speed of service as well as profits.  They will stock new and interesting food items, such as a bacon sundae, but not as many as usual.  I think this is a good idea for Burger King because they can make more profit, and satisfy customers at the same time.  Though there are not as many new food items, the items seem very attention grabbing, like bacon sundae. Like we learned about in class, fast food hamburgers are an oligopoly, because a few companies own almost all of the percentage of the market.  If Burger King offers these cool menu items, its competitors may need to rack their brains and find some new ideas as well.

Thursday, October 10, 2013

This week we started a project about advertising tourism in Weserville.  We must think of ideas that will appeal to other people and make them want to come to the town.  We have learned before that one of the factors that changes demand is consumer taste, which is influenced greatly by advertising.  I think that it is interesting how advertisers are paid money for the sole purpose of changing someone's mind.  They would have to be good at this in order for the business to make stacks and stacks.  BOYCOTT RAY'S BLOG!!!!

Wednesday, October 2, 2013

This week I read another article about the stock market.  It was in Wednesday's newspaper and written by Gail Marks Jarvis.  The article was called "Stocks Unfazed By Stalemate."  It said that even though the government is temporarily  shut down,  investors of the stock market did not panic and frantically sell out.  The article explains says that if anything, the stocks went up.  I was scared at first with our virtual stock market game, but luckily I forgot to check my stocks so I didn't have a chance to sell out.