A minimum wage hike causes labor intensive fast food restaurants to exit the market, capital intensive restaurants to enter and the number of jobs to drop.
Default or shortcut options become more attractive when decision making takes too much energy because of choice fatigue.
Displaying the characteristics of monopolistic competition, Shake Shack is showing how the U.S. burger market is adjusting to a changing consumer.
When firms use research and development (R&D) for french fries and potato chips they create a springboard that Harvard’s Clayton Christensen explains.
Shaped by monopolistic competition, the behavior of McDonald’s and Starbucks attracts different groups of consumers.
My new Starbucks has a drive-through. If you look at a high shelf near the window through which the baristas hand the coffee and food to drivers, you see a screen with little cars and numbers. Changing from green to yellow…