Economics > ESSAY > Southern New Hampshire UniversityECO 201ECO-201 Final Paper (All)

Southern New Hampshire UniversityECO 201ECO-201 Final Paper

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SUSTAINABILITY OF DOMINO’S PIZZA 2 Abstract Domino’s Pizza is one of the few leaders in the quick service pizza industry with over 11,000 stores worldwide. Their food appeals to people of all a... ges and their ongoing inexpensive prices appeal to lower and middle income classes since it can be considered an inexpensive luxury. Since pizza is highly elastic because of the vast amount of readily available substitutes, Domino’s needs to keep prices low and differentiate itself from other pizza chains in order to maintain its success in the future.SUSTAINABILITY OF DOMINO’S PIZZA 3 Sustainability and Course of Action for Domino’s Pizza Using economic principles and models can provide great insight about a company. Companies use microeconomic tools, models, and concepts to understand the decisions made by individuals and households in order to make more informed business decisions. Firms use this information to determine pricing, output, and profit maximization. Analysis of market and business data will explain how core microeconomic principles impact the sustainability of Domino’s Pizza. By examining the supply and demand conditions, the price elasticity of demand, the costs of production, and the overall market for Domino’s Pizza, a recommended course of action can be presented. This course of action will recommend how the firm will manage its future production, look at its position within the market and the effects the action will have, and describe how the firm can sustain its success by evaluating the findings from demand trends and price elasticity [Show More]

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