Utilitarianism Ethical Theory

Anonymous
timer Asked: Feb 5th, 2019
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Question Description

https://www.businessinsider.com/the-dollar-menu-is-dead-2018-12

This article describes how the once popular dollar-menu item fast-food staple has lost its luster as menu prices increase and chains turn toward new types of deals to win over budget shoppers.

McDonalds led the charge in 2013, when it killed its famous Dollar Menu. While the economics of the menu didn't make sense, as the chain was losing money by selling certain items for $1, the loss of the menu damaged McDonald's. Traffic dropped, with executives admitting in 2017 that they needed to come up with a new value strategy.

Using one of the ethical theories you learned in this Unit, describe how you view the wisdom of the decision being made by an increasing number of fast food restaurants to do away with the popular dollar menu.

Tutor Answer

henryprofessor
School: Carnegie Mellon University

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Utilitarianism Ethical Theory

McDonald removed its dollar menu since it was making losses by selling some items at
$1, this led the company to perform poorly but later decided to introduce the $1, $2 and $ 3.
However, the new menu strategy did no good for the company either, since the firm was
struggling with the new menu as the customers level dropped significantly. The company shares
also fell drastically. According to Neil Saunders, the manager of the Global Data retail claimed
that McDonald focused too much on the dollar menu,...

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Anonymous
Thanks, good work

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