Mcdonalds And Mcdonalds: The Challenges Of The Fast Food Industry

Introduction
Over the past decade, debates regarding the fast food industry occur frequently. Its substantial impact on the world has changed a way of life, specifically in the United States. The concept of the fast food industry was to create a method that would allow people to purchase cooked food at a faster rate than preparing a meal at home. This method was first introduced to deliver options to those who needed to chow down for lunch but did not have the availability to sit at a restaurant. Although this concept increasingly became famous for its low price and its aspects of social dining, most people are dependent on this method of eating for most of its meals. Most people are aware of its dangers it can have on someone’s health; however, fast foods’ marketing strategies allow companies to maintain it corporate power in the global economy. The most popular fast-food chain is undoubtedly McDonalds.
McDonald’s has long been one of America’s favorite fast food restaurants. It has a large selection of meals including burgers, chicken sandwiches, wraps, salads,

With further consumer behavior studies, McDonald’s marketers can understand the factors that control the customer 's sensitivity to changes in price. McDonald’s cost of food is the most important element of their business. If the price of the restaurants meals were to increase then the price sensitive customers would no longer gravitate to purchase McDonalds’ products. The restaurants inexpensive prices allow the company to beat out the competition. In the year 2013, a Big Mac would cost $3.60, whereas, a Baconator from Wendy’s would be $6.29 (Fast Food Menu Prices 2013). With the small price, there is a concern about how much quality and care goes into preparing McDonald’s food when compared to other restaurants; however, McDonalds’ remains beloved by the fast food