“Making Decisions Based on Demand and Forecasting"
Shemika L Jamison Dr. Petter Wui April 25, 2013 Eco550 Managerial Economics & Global
Founded in 1960, Domino's Pizza is the recognized world leader in pizza delivery. Domino's is listed on the NYSE under the symbol "DPZ." As of the first quarter of 2012 and through its global footprint, primarily made up of locally-owned and operated franchises, Domino's operated a network of 9,810 franchised and company-owned stores in the United States and over 70 international markets. Each day, more than 1 million customers enjoy hot, delicious Domino’s Pizza products on every inhabited continent on Earth. Around the world, Domino’s …show more content…
Internal franchisees have already worked within Domino’s as a General Manager for at least one year. External franchisees have not previously worked with Domino’s as a General Manager, but do bring outside business or other management experience to the table. For the first group the franchise fee is $0 to $25,000 depending of the social segment (woman, minorities, and veterans). For External franchisees, the fee is set at $25,000. Domino's Pizza offers a comprehensive training program covering store operations, marketing, finance, and human resources. Training consists of a five-day Franchise Development Program and four-days of Pizza Prep School. Test the statistical significance of the variables and the regression equation indicating how it will impact your decision to open the pizza …show more content…
Provide a rational and support for the decision.
These demand analysis just show the amount of sell or say the revenue could be generated by opening a Domino pizza in the community, for making decision about establishing a restaurant we need to figure out the cost of running a restaurant as well, so we need to do the cost analysis and finally see how is the average profit function of opening a restaurant in the community. In case of generating positive profit we could make the decision that the new Domino pizza restaurant should be established or not.
References
I used the US census for the data set that I have got for median income of the households and also the number of household in different communities
(1) Persons of Hispanic/Latino origin may be of any race
(2) U.S. Bureau of Labor Statistics, Local Area Unemployment Statistics (LAUS), www.bls.gov/lau/home.htm
(3) U.S. Bureau of Labor Statistics, Quarterly Census of Employment & Wages (QCEW),
Shemika L Jamison Dr. Petter Wui April 25, 2013 Eco550 Managerial Economics & Global
Founded in 1960, Domino's Pizza is the recognized world leader in pizza delivery. Domino's is listed on the NYSE under the symbol "DPZ." As of the first quarter of 2012 and through its global footprint, primarily made up of locally-owned and operated franchises, Domino's operated a network of 9,810 franchised and company-owned stores in the United States and over 70 international markets. Each day, more than 1 million customers enjoy hot, delicious Domino’s Pizza products on every inhabited continent on Earth. Around the world, Domino’s …show more content…
Internal franchisees have already worked within Domino’s as a General Manager for at least one year. External franchisees have not previously worked with Domino’s as a General Manager, but do bring outside business or other management experience to the table. For the first group the franchise fee is $0 to $25,000 depending of the social segment (woman, minorities, and veterans). For External franchisees, the fee is set at $25,000. Domino's Pizza offers a comprehensive training program covering store operations, marketing, finance, and human resources. Training consists of a five-day Franchise Development Program and four-days of Pizza Prep School. Test the statistical significance of the variables and the regression equation indicating how it will impact your decision to open the pizza …show more content…
Provide a rational and support for the decision.
These demand analysis just show the amount of sell or say the revenue could be generated by opening a Domino pizza in the community, for making decision about establishing a restaurant we need to figure out the cost of running a restaurant as well, so we need to do the cost analysis and finally see how is the average profit function of opening a restaurant in the community. In case of generating positive profit we could make the decision that the new Domino pizza restaurant should be established or not.
References
I used the US census for the data set that I have got for median income of the households and also the number of household in different communities
(1) Persons of Hispanic/Latino origin may be of any race
(2) U.S. Bureau of Labor Statistics, Local Area Unemployment Statistics (LAUS), www.bls.gov/lau/home.htm
(3) U.S. Bureau of Labor Statistics, Quarterly Census of Employment & Wages (QCEW),