If you bought a smoothie recently you may have been shocked at the price. Jamba Juice is a well-known smoothie chain, and it strives in promoting a healthy living style. When you bought this smoothie you maybe thought you were paying for the health benefits or quality. But that isn’t true, you were paying for the product and materials that went into serving that smoothie. Jamba Juice was simple back in 2008, only serving smoothies, but began a strategic move to transform. Consumers wanted more than something they can drink, they wanted food too. Jamba’s mission to transform began and the prices changed with it. By 2014, Jamba Juice began serving fresh juices, whole food smoothies, nutritional smoothies and food items (“Jamba Juice,” n.d.). But why did smoothie prices have to change? Well, many factors contribute to the cause. On one side, demand …show more content…
So as Jamba Juice transformed so did its prices. Now one thing to keep in mind Jamba Juice specializes in smoothies and juices, and there are no other big firms that supply smoothies. So up until 2012, a small Jamba Juice smoothie costed $3.19, but when the company went “eco-friendly” from Styrofoam to Double Walled Paper cups prices rose .60 cents and stayed dormant at $3.79 for a good 3 years (Alexander, 2014). Although there is a change to the input in supply, the demand stays the same and eventually falls back to equilibrium. Then in prices rose again in July 2015 from $3.79 to $3.99 for a small Jamba Juice smoothie to compensate for the minimum wage increase that took place. Now you think, “Oh no big deal right?” Wrong. Consumers noticed, they noticed even more when prices rose again 3 months later in October that same year to $4.79 for a small smoothie. So in the span of 6 months Jamba Juice had raised their price $1.00 (Jamba Juice Company, n.d.). Although they noticed it did not really change the market for Jamba
Now referring to Blue Bell Company, the shift in supply occurs when they decide to recall all their products and re-evaluate it. Blue bell will more than likely increase the price of the remaining items in the market. This is the result of consumers still providing a high amount of demand for ice cream even though there is less to supply. This theory can be accurately applied to this situation because there is no other solution that they can do to combat the consumers’ need of ice cream. For example, if they do continue to sell at the same price, soon they will not be able to produce as much as consumers want thus eliminating the good from the market.
The acai berry is a unique fruit that mostly grows in the Amazon; this limited product is wanted all over the world. The current acai berry industry is popular but has caused price problems in the domestic market. The popularity of the acai berries caused the demand to increase drastically causing a shift in the market equilibrium. This in turn has caused the price to increase as new consumers are buying the berry seen in figure 1.
Mamma Jo’s Pizza should accommodate their employee, Ahmad, and his need due to the fact that he wears his beard specifically for religious reasons. For discrimination based on religion, under Title VII of the Civil Rights Act, Mamma Jo’s Pizza has the duty to “reasonably accommodate” employee’s “sincerely held” religious practices unless doing so would cause undue hardship to Mamma Jo’s business. If wearing a beard is a sincerely held religious practice for Ahmad, then Mamma Jo’s should make reasonable adjustments to the work environment that will allow him to fully practice his religion as long as these adjustments are not more than mere inconvenience. An example of an accommodation that Mamma Jo’s could make is a job reassignment. Mamma Jo’s no beard policy can be argued to be a business necessity for employees dealing with the food, so Ahmad could possibly do other tasks away from the food such as working at the cash register, answering the phone, or other clerical work.
This report is a business investigation on the Boost Juice business. This report is going to describe the Boost Juice business and its global expansion. It is also going to describe the roles of the business and the ways boost can be classified. The report is also going to explain the internal and external influences that have affected the business.
Since 1990 when Kirk Perron first founded Jamba Juice, the company has targeted fitness enthusiasts in an effort to create a drink for them that was nutritious and convenient. In many ways that dream has become realized, the Jamba Juice smoothies have become a staple for many recreational and serious fitness enthusiasts around the country. However, with the environmental sustainability movement beginning to gain steam, the smoothie company is being forced to reevaluate their business model, specifically the Styrofoam cup that has been utilized since the company’s inception.
We the consumer would rather pay less for any product that is needed or want. Ultimately we are the reason for high prices as well as low prices. Prices of products do not always stay the same and more popular products have higher prices than less popular products. These fluctuations, high prices and low prices are from the idea of supply and demand. Supply and demand defines the effect that the availability of a particular product and the desire or demand for that product has on price. Generally, if there is a low supply and a high demand, the price will be high (Investopedia). To understand the idea of supply and demand, the understanding of supply and the understanding of demand must be defined. The Law of Supply states that at higher prices, producers are willing to offer more products for sale than at lower prices, also that the supply increases as prices increase and decreases as prices decrease (Curriculum Link). The Law of Demand states people will buy more of a product at a lower price than at a higher price, if nothing changes, at a lower price, more people can afford to buy more goods and more of an item more frequently, than they can at a higher price and that at lower prices, people tend to buy some goods as a substitute for others more expensive (Curriculum Link). In todays economics these ideas are seen frequently in everyday life. The laws of supply and demand are seen in many ways in the company Apple Inc. Each year Apple Inc unveils a long awaited mobile operating system and IPhone. We can also see many aspects of the law of supply and demand in Nike Inc’s Jordan Brand. Jordan Brand has released a number of...
Mr. Lee entered work adjustment services on November 02, 2017. His original vocational goal was to work as a store stocker. Mr. Lee worked with a career counselor and business developer, who assisted him in finding employment. As a result of working with the career counselor and business developer, Mr. Lee received a job interview and job offer from Tyson’s Foods to which he declined. He could not work the shifts available, which were 3 p.m. to 11 p.m. or 11 p.m. to 7 p.m. Mr. Lee stated that he did not have reliable transportation during those shifts; however, reliable transportation was available with Tyson’s Foods. Then, he stated that he was the primary care giver of his ailing mother in the evenings. Previously, he stated that his sister
This case examines issues of asset control for Ben & Jerry’s Homemade, Inc., in light of the outstanding takeover offers by Chartwell Investments, Dreyer‘s Grand, Unilever, and Meadowbrook Lane Capital in January 2000.
Krispy Kreme Case Study Question 1. The chief element of Krispy Kreme's strategy is to deliver a better doughnut and to appeal to customers in new ways. They have taken great steps to insure customer satisfaction from the use of their proprietary flour recipe to their automated doughnut making machines. They have chosen to target mainly markets with 100,000 households. They also were exploring smaller-sized stores for secondary markets.
When demand is elastic as with Coca Cola products price changes affect total revenue. When the price increases revenue decreases and when the price decreases revenue increases. For Coca Cola if they notice a decrease in revenue they would offer products at a discount to increase revenue. They do this quite often with sales such buy 2 20 oz. bottles for $3 instead of the normal $1.89 each price
Price changes affect demand for various foods. According to the economic theory, consumption of a certain product falls as the price of that item rises...
For example, when McDonald’s was exploring to add Fish-O-Fillet to the menu, the creator of this menu item wanted to use halibut for fish but to use halibut would mean that Fish-O-Fillet could not be sold for less than 25 cents (Clark, 2007). McDonald’s ended up substituting the fish with cheaper type of fish than halibut and over time, to fit the cost of fish under the price point, McDonald’s would change the type of fish to be the most cost effective.
a can coke was $1 in 2000, due to an increase in wage demands, costs
...n the companies will have to decrease the price otherwise the product will not be sold at higher prices and the revenue would not be as large as companies would like to.
Grocery stores and food markets have dropped their prices to accommodate these changes and help out our fellow people; while making a much higher revenue as well. At the same time restaurants are trying to save their business by selling their food at a cheaper value rather than to make at home, and even fast food value items are slightly cheaper with many buy one get one deals. I believe if you take the time to do the math you will see that you can make a homemade burger for less than it would cost at Burger King or