1. The COVID environment has produced many challenges. Businesses have begun to adapt, but adapting requires thinking out of the box, using technology, investing money. Here is a good example, of...

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1. The COVID environment has produced many challenges. Businesses have begun to adapt, but adapting requires thinking out of the box, using technology, investing money. Here is a good example, of fast-food restaurants. Please read this interesting article (Starbucks, Taco Bell, Chipotle reinvent the drive-through (fastcompany.com)) on the reinvention of the drive-through. remember, this is a huge market segment; the article estimates that fast-food and fast-casual sector is worth an annual revenue of $290b. Sadly, it has taken a 30% hit in the COVID scare. Then reflect on any of the following issues: Is investing in drive-throughs a profitable exercise? What did you find most innovative about the new drive-throughs being planned? Should more traditional restaurants (e.g. Olive Garden) plan for drive-throughs, or try to wait out the pandemic? 2. The announcement by Amazon On November 17, 2020 that it was starting an online Pharmacy sent pharmacy stocks tumbling. CVS shares fell 8.6% in a single day. Walgreens Boots Alliance dropped 9.6%. Shares of Rite Aid slid 16.2%. GoodRx, which helps consumers find discounts on prescription drugs, fell 22.5%.  You can read the full announcement here. (Introducing Amazon Pharmacy: Prescription Medications Delivered | Business Wire) Is this an overreaction? Amazon has failed often before (remember the Fire Phone), and the market seems to agree that its acquisition of Whole Foods in 2017 was a flop. Discuss Amazon's pharmacy plans...
Answered 1 days AfterSep 12, 2021

Answer To: 1. The COVID environment has produced many challenges. Businesses have begun to adapt, but adapting...

Insha answered on Sep 13 2021
136 Votes
Running Head: MANAGERIAL ACCOUNTING                        1
MANAGERIAL ACCOUNTING                                 2
MANAGERIAL ACCOUNTING
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Question 1
According to a survey, As much as 65 percent of a fast food restaurant's income is generated from drive-throughs. 74% of Americans have visited a drive-through the same number of times or more this year. Compared to what people were used to in the United States, their cars logistical, digital and AI technologies will seem very different. Fast-food chains will be expanding and big brands will be redesigning their stores in the next years. If 70 percent of shop sales come from driving through, there is no reason to spend so much money on maintaining dining rooms.
For instance, According to Chipotle's projections, the company's store count would nearly quadruple to 5,500 in the near future. Chipotles without drive-throughs, which number about 2,000, will presumably be renovated. Parking spaces along the building's sides must be eliminated by drilling a hole into a wall in these shops. Instead of parking your car and eating in the dining room, drive-throughs will become places where you may wait for your order.
Similarly, When Starbucks realized that 80 percent of its business was already to-go, and that only around 60 percent of its stores had a drive-through, it made the...
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