Ready, Steady, Cook by M Baines https://padlet.com/mbaines/aum82my2dsap READY STEADY COOK Respond to the following statement - “Consumers are king in the Australian economy”. In your response, you should include the following words. These are the ingredients necessary for a good response. Tick them off as you go. Try and ensure that your response flows and makes sense. NOTE - Try and refer to the changes that McDonalds has made to their menu to support your answer. Consumers Producers Good or service Tastes and Preferences Price Demand Supply Want Desire Profit Extension words/points What is produced? How much is produced? Satisfy consumer wants Adjust what they sell Willing and able to pay Impact on revenue/sales en-us 2019-08-27 00:03:59 UTC 2026-01-20 23:34:44 UTC hello@padlet.com MB mbaines https://padlet.com/mbaines/aum82my2dsap/wish/377319671 McDonalds...]]> 2019-08-27 00:52:07 UTC https://padlet.com/mbaines/aum82my2dsap/wish/377319671 A https://padlet.com/mbaines/aum82my2dsap/wish/377319879 2019-08-27 00:53:06 UTC https://padlet.com/mbaines/aum82my2dsap/wish/377319879 AD https://padlet.com/mbaines/aum82my2dsap/wish/377319884 2019-08-27 00:53:07 UTC https://padlet.com/mbaines/aum82my2dsap/wish/377319884 DVD https://padlet.com/mbaines/aum82my2dsap/wish/377319886 McDonald’s are making changes to the menu because consumers are changing there choices on what they want to eat.  This makes the consumer king because it lets the producers know what to make so the consumers can buy there goods and services. If McDonald’s didn’t make healthier options or options that the consumers want McDonald’s could of gone out of business and get overtaken by businesses that are selling the goods that the consumers Want.
 ]]> 2019-08-27 00:53:08 UTC https://padlet.com/mbaines/aum82my2dsap/wish/377319886 https://padlet.com/mbaines/aum82my2dsap/wish/377319983 LMS
Consumers are king in the Australian economy which means that they dictate what producers produce to satisfy consumer tastes and preferences. McDonalds has changed their menu to have a different variety of healthier foods because consumers tastes and preferences are changing to eating healthier foods. For example, on their menu they now have salads such as chicken caesar salad, garden salad and classic chicken salad. McDonalds adjusted what they sell to satisfy consumer wants and to earn more of a profit. They have also opened up a new McCafe that actually sells real barista made coffee so that they can compete with other cafe producers and also because consumer trends have took a liking too having a coffee with friends and family. For example, they have a large amount of different coffees such as cookies and cream latte, espresso, macchiato and babycino which is for younger children. Lastly, consumer demand for McDonalds has risen because of the variety of different healthier foods and coffees which satisfy their wants and because of that the supply for McDonalds has also risen due to the high consumer demand for healthier food options and coffees.]]> 2019-08-27 00:53:42 UTC https://padlet.com/mbaines/aum82my2dsap/wish/377319983 LDT https://padlet.com/mbaines/aum82my2dsap/wish/377319988 Consumers are king in the australian economy. Without consumers, producers would not produce any goods or services, because they would not be bought by anyone. It would just be a massive waste of money. Producers adjust their supply depending on the demand for different products. Demand will change over time because of trends and preferences. One example of this is McDonalds. They have changed their menu to suit the trends of consumers. In recent years, people have become more and more concerned about their health, and so McDonalds have slowly adjusted what they sell to satisfy consumer wants.

McDonalds have also introduced the McCafe. They have done this because the demand for coffee has increased. If McDonalds had not introduced McCafe they would have lost customers and profit to other coffee shops.  ]]> 2019-08-27 00:53:43 UTC https://padlet.com/mbaines/aum82my2dsap/wish/377319988 https://padlet.com/mbaines/aum82my2dsap/wish/377320079 B.CARR
I think McDonalds have made some new and healthier meals like making people choose between fries or apples slices to choose the healthier food option and this has been making people buy it otherwise it wouldn’t been in McDonald’s still. There also making salads in there menu to encourage people to eat healthy and more vegetable wraps and they set them at a price we’re they will get profit but also we’re its a price for consumers to buy and more choices of healthier foods. MacDonald have also encouraged parents to buy there kids the healthier option in there food, and there barista made coffee at McCafé to compete with other cafes to get more money and for parents to come with there kids to eat at McDonald’s  instead of the coffee they used to make which was not proper coffee, the reason of these changes is the consumers demanding healthier foods for them because this refers to the saying in the Australian economy “CONSUMERS IS KING”
]]> 2019-08-27 00:54:04 UTC https://padlet.com/mbaines/aum82my2dsap/wish/377320079 HD https://padlet.com/mbaines/aum82my2dsap/wish/377320140 Consumers are king in the Australian economy. McDonald’s are making changes to healthier options on their menu, e.g. being able to choose between Apple slices or fries and putting more vegetables in their wraps and burgers. The consumers are queen/king because of if they have high demand, the café/restaurant will supply that to keep customers happy. But while getting that item, the producers need to consider the cost to get it and how much profit they want.]]> 2019-08-27 00:54:29 UTC https://padlet.com/mbaines/aum82my2dsap/wish/377320140 RV https://padlet.com/mbaines/aum82my2dsap/wish/377320230
McDonald are making changes by adding healyhier food options to their menus. This is because the consumers are now preferring and supporting healthier food options. McDonald’s is changing according to the changing trends and preferences of the consumers. By doing this hopefully they estimate that the demand will rise and the consumers will start to desire the food from McDonalds. This will result in McDonalds making profit. If their estimate becomes true and the demand rises they will probably increase the supply by a bit but increase the price of the the certain good or service higher. Due to the changing trends of consumer some salads and barista made coffee is being produced. The amount of what is being produced is fairly enough to satisfy the demands of the consumers. They have started to put the price according to the price the consumer is willing and able to pay. Also they are open nearly always which is more relavent to the busy life of consumers. ]]> 2019-08-27 00:54:53 UTC https://padlet.com/mbaines/aum82my2dsap/wish/377320230 No https://padlet.com/mbaines/aum82my2dsap/wish/377320301 Consumer is king in the Australian economy because without consumers there is no point for having producers because producers produce goods and services to consumers.
McDonalds has changed their menu to suit the trends of consumers around the world such as McDonald adding healthier options and a mec cafe from the increasing amount in coffee cafes.]]> 2019-08-27 00:55:17 UTC https://padlet.com/mbaines/aum82my2dsap/wish/377320301 Hw https://padlet.com/mbaines/aum82my2dsap/wish/377320406 I think mcdonalds has changed the menu to encourage more people especially parents to purchase more of their product as they say its healthier. It has changed due to consumers wanting more healthier options and a place to get a good coffee, that is why mcdonalds has changed because “consumer is king”. That is why I think mcDonalds profit and revenue has increased as it has made people especially parents to consider mcDonalds for dinner as the meals also have a toy in it which makes kids persistent to keep nagging and nagging about the toy and the meal. Parents also like to meet up and a get a coffee with friends and now that mcDonalds has added a barista more people are going.]]> 2019-08-27 00:55:56 UTC https://padlet.com/mbaines/aum82my2dsap/wish/377320406 https://padlet.com/mbaines/aum82my2dsap/wish/377320956
ZZ
Consumer is king because as an example, it is currently quite trendy to be healthy, McDonalds try and make their burgers more healthy by adding more vegetables into them. They also have added things like wraps salads and yoghurt to their menus to attract consumers. This is because the demand is higher for healthy items therefore they can increase there prices and make even more money. Another example is many people nowadays like to go out before their work and buy a coffee. So, McDonalds made McCafe and sell barista made coffees to people. These two things are tastes and preferences and are both wants which are unlimited so they supply lots because of how much people desire these goods and maximise the amount they can make.]]> 2019-08-27 00:59:22 UTC https://padlet.com/mbaines/aum82my2dsap/wish/377320956 A.Gallagher https://padlet.com/mbaines/aum82my2dsap/wish/377321609
McDonald’s has changed their menu because it is trendy to eat healthy and have a healthy body. People also like good coffee so they have got a real barista.Consumers are king because they are the people that decide what they are going to eat or have. Consumers always will want lower prices so they do not have to pay much to get that food or drink. And all McDonald’s food is usually quite cheap so people buy it]]> 2019-08-27 01:03:02 UTC https://padlet.com/mbaines/aum82my2dsap/wish/377321609 A.Raschella https://padlet.com/mbaines/aum82my2dsap/wish/377321757 McDonalds have changed to a healthier menu because lots of consumers  find that it’s trendier to eat healthy and be healthier. The producers of McDonalds also have added McCafe consumers have started to go their more often because it satisfys what consumers want and the price is reasonable for consumers to buy. Consumers have always been the king (or queen) because they are one who decides to buy it or where to eat from. ]]> 2019-08-27 01:04:03 UTC https://padlet.com/mbaines/aum82my2dsap/wish/377321757 ASW https://padlet.com/mbaines/aum82my2dsap/wish/377321995 The statement - “Consumers are king in the Australian economy” relates to McDonald’s because McDonald’s Producers have made changes to their menu such as McCafe and healthier options because of the constant changing of consumer’s tastes and preferences due to trends. They thought it would be a better idea because their prices are better than other businesses and a cafe and healthy food is a want from consumers. When they released these changes the demand was high and the supply had to be increased. The desire of the goods of the healthy choices and service of the barista made coffee has resulted in a big profit for McDonalds.]]> 2019-08-27 01:05:30 UTC https://padlet.com/mbaines/aum82my2dsap/wish/377321995 -dp- https://padlet.com/mbaines/aum82my2dsap/wish/377322136 Consumers are king in the Australian economy because producers and consumers are interdependent (they rely on each other). Producers provide goods and services so that the consumers can use and/or buy them. This also refers to taste and preference (what the consumers want and like from the producers). If the consumers have needs or wants, they will most likely go out and buy them, but if they see so etching similar but cheaper than what they’re already seen, they will buy the cheapest option available, which refers to price. Producers must supply the needs and wants of the consumers. Businesses also make profit. McDonald’s menu has recently been changed to promote themselves in a better image. They have made it more healthier so that more people will buy their food without being concerned that is is unhealthy. ]]> 2019-08-27 01:06:31 UTC https://padlet.com/mbaines/aum82my2dsap/wish/377322136 JD https://padlet.com/mbaines/aum82my2dsap/wish/377322223 Consumers are king in the Australian economy, means that consumers influence what producers sell and produce. The McDonalds producers have started to change the menu by putting more healthy items on it, the reason for this is because of trends, tastes and preferences of consumers. By doing this McDonalds producers can make profit off consumers as they will buy their healthy products. What McDonalds produces goods to us, which is food, we want and desire healthier options rather than unhealthy options so we demand healthier menu items. McDonalds produce salads now which satisfies consumers wants, they would produce more salads as there is a high demand. As there is a high demand for healthier items, the McDonalds producers supply us with those items and may even set the price higher as we have a high demand for it. They might adjust what they sell if consumers tastes and preferences change. If the price for these healthy items is too high, the McDonalds producers might have to lower the price as consumers would not be willing and able to pay that price at that specific time. McDonalds would probably have better sales and make more revenue by selling healthier items]]> 2019-08-27 01:07:06 UTC https://padlet.com/mbaines/aum82my2dsap/wish/377322223 AG... https://padlet.com/mbaines/aum82my2dsap/wish/377322239 Consumers are king in the Australian economy because it seems to be the trend to be healthy.
McDonalds is trying to make there food more healthy so that more people would come to buy there food more as being healthy is the trend at the moment. McDonalds have changed some of their changes include healthy options of meals, some people have noticed that they have a lot smaller meals.


]]> 2019-08-27 01:07:12 UTC https://padlet.com/mbaines/aum82my2dsap/wish/377322239 CS https://padlet.com/mbaines/aum82my2dsap/wish/377322287 McDonalds has adapted to their menu due to many reasons which show that ‘consumer is king’ in the Australian economy.  Since McDonalds doesn’t want to lose consumers, they have to adapt to gain and keep consumers due to the constant changes of consumers trends, demands, preferences and more.  One reason why McDonalds has changed their menu is because of consumer preferences and trends.  McDonalds’s menus have been considered unhealthy and has changed into a more healthier menu due to consumer preferences of a healthier meal along with the trends beginning to change as well.  For example, McDonalds has added salads and wraps to their menu.  Another reason why McDonalds has changed their menus are because of competition.  Although McDonalds is well-known, their name won’t be held up at the top if someone’s able to steal their consumers and overtake them.  Cafes are one competition that McDonalds is facing since consumer preferences enjoy coffee.  Due to this change, McDonalds has to add a cafe to keep their consumers coming.  As said, they’ve added a McCafe and have hired proper baristas which are also a boost for their service.  For example, McDonalds had been receiving complaints on the baristas so they’ve decided to change to proper baristas to please consumers and to boost their service.  A third reason on why ‘consumer is king’ is because of customer demands.  The demands of consumers affect the prices and supplies.  If the demand for a supply is high but the supply is running low, the prices are to go up.  But if a demand is low but supplies are high, the prices will be lowered to prevent the company to result in a surplus.  Due to the major changes in McDonalds, it results in a higher profit for McDonalds as well.]]> 2019-08-27 01:07:26 UTC https://padlet.com/mbaines/aum82my2dsap/wish/377322287 HS https://padlet.com/mbaines/aum82my2dsap/wish/377322290  Consumer is king because in the past few years it has Been trendy. McDonald’s have made healthier options on there menu because of these following reasons 1. That people demanded for them to have more salad. 2. They have improved by making there recipes  more healthy. 3. They have changed it too because of people who come to McDonald’s. Consumers wants are satisfied because they have allowed Uber eats and menu log to pick up there order and drive it to there consumers, they are happend to pay for the for the extra form them to drive it to them.]]> 2019-08-27 01:07:30 UTC https://padlet.com/mbaines/aum82my2dsap/wish/377322290 EM https://padlet.com/mbaines/aum82my2dsap/wish/377322442 I think McDonalds has changed there recipes to make it more healthy for there customers, they may have done that to prevent people complaining that the food is unhealthy. Most people are not willing to pay for there food because it may be to unhealthy for them or they would rather spend money on other things, so McDonalds may put down they price of the products to satisfy the customers wants. McDonalds may be satisfying the customers wants but they may not be making profit. This means that McDonalds are spending more money to make the food and selling them for half the price it costs them to make the product. ]]> 2019-08-27 01:08:20 UTC https://padlet.com/mbaines/aum82my2dsap/wish/377322442 https://padlet.com/mbaines/aum82my2dsap/wish/377322816 JR

McDonald’s have chosen an healthier choose because the preferences have changed to healthier eating. McDonald’s are adding in kids meals apples slices instead of chips or nuggets, raps, salads, People are willing to pay to get what they want. Mcdonalds have also put in a cafe this changes people preferences because it might be easier to go to McDonald’s to get a coffee then it is to go get one out a cafe. “CONSUMERS ARE KING”
I think this makes the profit and increase and costumers. People are considering to have this for lunch dinner and breakfast. ]]> 2019-08-27 01:10:31 UTC https://padlet.com/mbaines/aum82my2dsap/wish/377322816 SG https://padlet.com/mbaines/aum82my2dsap/wish/377322853  MacDonalds are making changes to the food because they  are going with the way people are living, with that being the healthy lifestyle they want to bring in more healthy foods, so that more people will be able to eat there, knowing that there is a healthy option. They do this so they can make more profit knowing that this is a trend that is spreading. This relates to consumer is king because if people weren’t rapped up in this healthy eating McDonald’s would probably still be producing more non healthy foods. But they don’t buy so many healthy raps for everyone. They know that not everyone will want them, because they know some people are not going on diets like children ect. If they did do that they would have an oversupply off raps. Also they set there price of there raps at a certain price so that it’s not to expensive were people with no buy them and it’s not to cheap we’re they will sell out. If healthy eating went down and no one was worried about there health the demand for the raps will go low, this might lead to the price dropping for them. And the demand for burgers will go up. McDonald’s have also started selling raps in there happy meals and if i got that in happy meal when I was younger I would of been really mad. The point I am trying to say is I don’t think kids are as rapped up about eating healthy as the parents. So that’s why that there are still some not so healthy foods on there. Another thing related to consumer is king is the Mc cafe. Before they didn’t have a Mc cafe they had a few coffees fast forward to this day and now they have invested in a cafe. Because the know that most adults have a coffe in the morning. On the other hand fir the kids they have a playground , so kids can play on waiting for there food. And most of the time it gives parents peace and that could attract more families to go and eat there. If they didn’t have a playground I think they would be losing a lot of money, because kids wouldn’t want to go there as much . This is some few reasons why I think consumer is king and why McDonald’s has invested in selling more healthy things!]]> 2019-08-27 01:10:48 UTC https://padlet.com/mbaines/aum82my2dsap/wish/377322853 H.Oversby https://padlet.com/mbaines/aum82my2dsap/wish/377322940 Consumers are the kings in the Australian economy. If consumers were non-existent, then producers would have no reason to spend their time, resources and money on the products they produce. Producers make goods and services so that consumers can purchase them, but if consumers are not buying their products, what’s the point in producing! They make goods and services for the producers, but if they are making the goods and services, and no one wants them, they will stop making them. Also, consumers influence prices. If they really want something, the price will go up. If no one really wants the product they will have to result in selling it for a lower price. If consumers demand something then the price will most likely go up whilst if consumers don’t demand it the price will go down. Consumers also influence what is available. If consumers demand something, the shops will most likely supply it.  Consumers have changing tastes and preferences so the shops have to change what they sell to fit with what the consumers want. For example; McDonald’s have been making a few changes to their menus so that they can supply a broader range of consumers with what they desire. There have been two major change to the menus. The first big change is that they have healthier options. With news getting out about diseases caused by junk food, with more people wanting to get trimmer, and new discoveries that healthy food is the best option means that people are starting to try and eat healthy. They are demanding fresher, healthier and lighter meals to eat. If McDonald’s does not supply this then no one will want to go to McDonald’s, meaning that they will lose out on money. Also, people are wanting coffee. With the new trends, more and more people want a nice good quality coffee whether it’s with friends for a chat or a quick drink before work. McDonalds does not want to lose out on this type of business because with the amount of people wanting coffee they could be losing out on A LOT of money. So, they have to keep up with what the consumers want, and they have added a new part to the building where you can get proper coffees from machines, along with muffins, toasties and cakes. Businesses have to go along with changing preferences so that they can get money to make a profit (revenue after the production cost is taken away from it) and keep their business running. ]]> 2019-08-27 01:11:26 UTC https://padlet.com/mbaines/aum82my2dsap/wish/377322940 HP https://padlet.com/mbaines/aum82my2dsap/wish/377322942
Mc Donald’s have changed their menu to fit the preferences and different tastes of the consumers in our economy. The demand and desire for healthier food over the years has increased immensely due to consumers wanting to eat healthy and stay healthy. Mc Donald’s have done this to help their business make a profit. Mc Donald’s have also in recent years added a Mc cafe to their restaurant to compete against other cafes, again this is to make a profit and to compete against other cafes.]]> 2019-08-27 01:11:26 UTC https://padlet.com/mbaines/aum82my2dsap/wish/377322942 LBG https://padlet.com/mbaines/aum82my2dsap/wish/377323048 Consumer is king because they tell the producer what they want and the producers supply it. The demand for the healthier foods raised and Macdonalds supplied it. The changes Macdonalds has made to the menu provides healthy options for consumers to choose from. People prefer to eat healthy food with low calories that tastes good and Macdonalds has done this. It’s the trend right now to eat healthy foods, and the old Macdonalds menu didn’t support that idea. This new menu is full of foods with vegetables and it shows how many calories are in each one. It is easy for producers  to supply more vegetables in their product as they are cheap and quick to assemble into the burgers or wraps. ]]> 2019-08-27 01:12:10 UTC https://padlet.com/mbaines/aum82my2dsap/wish/377323048 A. b https://padlet.com/mbaines/aum82my2dsap/wish/377323514 MacDonalds is making changes to there food because there going with the trend of healthy food. They also sell coffee so on your way to work you can pick up a coffee instead of going inside and getting a barista coffee, they make a preference by going to McDonalds. In the morning  lot of consumers want a coffee so there is a big demand(want), so they have a big supply ]]> 2019-08-27 01:14:59 UTC https://padlet.com/mbaines/aum82my2dsap/wish/377323514 IG https://padlet.com/mbaines/aum82my2dsap/wish/377325250 Consumers are king in the Australian economy. If consumers didn’t exist, producers would not be producing any goods or services. As trends change, producers try to cater to them so they can make a profit. Their aim is to make products that appeal to a large number of consumers and satisfy their needs/wants. The consumers dictate what is produced, how much is produced and the price that something sells for. If a product is in high demand, the producer will likely produce more of that certain product(more supply) and also increase the price for it. If demand is low, the price might decrease. One business that has changed their products to generate more sales is McDonalds. With the new trend of a healthy lifestyle, McDonalds has added more healthy options to their menu. They have more vegetables in their wraps and have cafes now. The consumers like proper coffee so McDonalds now offers proper barista-made coffee instead of just coffee from a coffee machine. These changes that McDonalds have made have lead to more people desiring their products which boosts their revenue.]]> 2019-08-27 01:23:13 UTC https://padlet.com/mbaines/aum82my2dsap/wish/377325250