-
Essay / Analysis of KFC - 532
a) Economic: The implementation of GST has a negative effect on the price of food. An increase is imminent due to the fact that basic food materials such as sugar and flour have faced an increase in prices. There are two possible solutions to this; one would be the current solution, which includes methods and studies to reduce costs and find methods to attract customers. The difference between the KFC franchise and other franchises is the diversity of menus available. I think basically KFC should offer some form of diversity in their menu, so for people who can't afford the expensive ones, maybe they could buy food items that are within their budget. In addition to this, I suggest that more varied forms of cuisine be introduced and at the same time KFC can maintain its originality and symbol. Essentially, I believe that the possible way for KFC to counter the price increase would be to provide better services that would somehow allow customers to compensate for the price increase. Better service extends to possible new menus, bet...