SALVADO Ready, Steady, Cook by M Baines

SALVADO Ready, Steady, Cook by M Baines https://padlet.com/mbaines/znqfjg4vusnt 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 2019-08-28 01:51:02 UTC 2019-08-31 01:33:52 UTC hello@padlet.com Reece nocciolino rnocciolino https://padlet.com/mbaines/znqfjg4vusnt/wish/378553933 Hi]]> 2019-08-30 05:38:35 UTC https://padlet.com/mbaines/znqfjg4vusnt/wish/378553933 Sofia Spinelli1 https://padlet.com/mbaines/znqfjg4vusnt/wish/378553943 Consumers are king in the Australian economy means that the economy changes lots like McDonalds, McDonalds customers saw on TV that you should eat more healthy foods and that fast food places sell things that are not healthy so McDonalds decided that they would get there meats more healthy and other things would be improved to be more healthy and they also improve the taste of the food and to get more customers in and make lots of money/profit and get lots of stores they also lowered the prices so more people would come in and eat. The demand was high and the supply was moderate (not a lot but not to little) the desire is not lots but not little, the producer was them. The good was that they made all the burgers healthy and the other stuff they sell. Service is they keep the people/customers healthy and not get obsessed or get too fat, the people prefer to be healthy then to be unhealthy.

]]> 2019-08-30 05:38:39 UTC https://padlet.com/mbaines/znqfjg4vusnt/wish/378553943 Emily chaplyn echaplyn https://padlet.com/mbaines/znqfjg4vusnt/wish/378553947 Consumer is king means that consumers control the marketing world by making new trends and controlling what Goods and services producers sell. Like how McDonalds made changes to their menu because they found that consumers are liking the foods that other producers are making, Mcdonald’s is making lots of profit because of these changes to their menu this money not only goes towards buying more supplies for their food depending on consumers wants and preferences. During the summer McDonald’s will be needing to get more supply’s for ice-cream as it will be on demand because of how hot it is. ]]> 2019-08-30 05:38:45 UTC https://padlet.com/mbaines/znqfjg4vusnt/wish/378553947 szollner https://padlet.com/mbaines/znqfjg4vusnt/wish/378553948 SZ
Consumer is King means that consumers control the type and amount of things that producers make. Producers should try to make a large range of products as consumers have different tastes and preferences. This has been shown in MC Donald’s as more people call for healthier options MC Donald’s has added things like salads to their menus making people still come. The things that producers give are called goods and services. Goods are tangible and you can buy them from shops while services are provided by people and are intangible. Everything depends upon demand and supply. Supply is the amount of something a company make while demand is what a consumer is willing and able to buy like when fidget spinners were a thing there was a high demand so the supply increased. ]]> 2019-08-30 05:38:46 UTC https://padlet.com/mbaines/znqfjg4vusnt/wish/378553948 AI aivandich https://padlet.com/mbaines/znqfjg4vusnt/wish/378553951 Consumer is king in Australian economy because what ever good or service consumer want or need the producers have to produce, otherwise they won’t make any profits. This is because of the demand, demand is when everyone wants a good or a service when this happens for e.g. fidget spinner when they were really popular everyone wanted them the ‘demand’ was high. When demand is high the price and supply will rise when the demand is low the price and supply is low. Tastes and preferences also has a big impacted by what the consumers desire e.g. when people wanted McDonalds to make a healthy option so they made one. ]]> 2019-08-30 05:38:47 UTC https://padlet.com/mbaines/znqfjg4vusnt/wish/378553951 Ryan Roreilly8 https://padlet.com/mbaines/znqfjg4vusnt/wish/378553952

Consumers are king because if producers didn’t listen to consumers , consumers would not buy there products e.g if consumers wanted food to be healthier and producers were adding more sugar to there products consumers wouldn’t buy as much of it e.g McDonald’s were introducing a milkshake and people found out it had 100 grams of sugar people wouldn’t buy it but if they introduced a milkshake that had 10 grams of sugar more people would buy it because that’s what the consumers want

]]> 2019-08-30 05:38:47 UTC https://padlet.com/mbaines/znqfjg4vusnt/wish/378553952 Luana Ascenzo lascenzo_cabello https://padlet.com/mbaines/znqfjg4vusnt/wish/378553953 Consumer is king means consumers can control marketing, Mc Donald’s has made a new menu they have added some new foods, they changed there options because they sore other fast food restaurants were making more profits and they thought that they could make for money and get people to buy there food.]]> 2019-08-30 05:38:47 UTC https://padlet.com/mbaines/znqfjg4vusnt/wish/378553953 Christian Morgan cmorgan213 https://padlet.com/mbaines/znqfjg4vusnt/wish/378553954
Consumer is king in the Australian economy because if the consumers don’t come and buy the goods and services of a producer then the producer will loose profit, and that is why a consumer is king in Australian economy.

Consumer is king. For example MacDonald’s change there menu to more healthier items because most of the consumers were going to other places that do healthier items. So the producers of MacDonald’s decided to put salads, apples and other vairious healthy items. There was high demand in healthy items so MacDonald’s had high supply the people had desire of healthy items so they can back to MacDonald’s and brought healthy items. Which then resulted in MacDonald’s making lots of profit.]]> 2019-08-30 05:38:49 UTC https://padlet.com/mbaines/znqfjg4vusnt/wish/378553954 X.R xrushton https://padlet.com/mbaines/znqfjg4vusnt/wish/378553956 Consumer is king in the economy means that the consumer runs the economy by desiring different things such as when fashion chances the consumer will want different things. Consumers can also change the price of a good from a high demand will raise the price and a low demand will either keep the price the same or lower it. This means that producers must supply their goods or services to the consumers or the demand will lower and they will go bank rupt ]]> 2019-08-30 05:38:50 UTC https://padlet.com/mbaines/znqfjg4vusnt/wish/378553956 Vaishnavi vsuhas https://padlet.com/mbaines/znqfjg4vusnt/wish/378553957 Consumers are king in the Australian economy because they are the ones who buy all the goods and services they need. Producers can’t be king in the Australian economy because they are the ones who provide all the goods and services. All producers run businesses, but there is a lot of competition between businesses, usually big ones like Woolworths and Coles. Of course, the businesses would want to drive consumers to their own business, and they would usually do that by having the latest trends in store, and and trying to please customers with their tastes and preferences. They would also attract consumers to their business by having an appropriate price for their products. If the price is too low on an item, they will have a low supply of that item because of the high demand. If the price is too high, consumers will probably not buy it, and they will end up with an oversupply of that item. This can be hard for producers to make a profit. When consumers buy goods and services, it depends on what type of consumer they are. Some consumers buy only things they need. A need is something you have to have to live, whereas a want is something you desire, but don’t have to have to live. McDonald’s has made some foods on their menu healthier to keep consumers healthy, however there are still unhealthy foods on their menu too.]]> 2019-08-30 05:38:50 UTC https://padlet.com/mbaines/znqfjg4vusnt/wish/378553957 Ella.green egreen113 https://padlet.com/mbaines/znqfjg4vusnt/wish/378553958 Consumers are king means consumers have the power so they can demand a price of a goods or service or a want so it makes a trend of a item witch then the producers want to supply those things to make profit or money for eg. being a vegetarian or being healthy or having a preference was what people wanted to do so McDonalds decided to come out with salads and veggie burgers so vegetarians and healthy eaters or people with preferences or desires would go to McDonalds. ]]> 2019-08-30 05:38:50 UTC https://padlet.com/mbaines/znqfjg4vusnt/wish/378553958 M.M mmathews31 https://padlet.com/mbaines/znqfjg4vusnt/wish/378553959 Consumer is king means that the consumers have the power in the markets for example nothing will happen if consumer dont buy the product. MacDonalds changed there menu to satisfy all consumers needs and wants. It also helped there business because more people came to have healthier foods and have a coffee now it would of helped there profit because more people are coming and buying there new foods. Everybody has different preferences and taste and they had to think about all the consumer eg: for the kids they had a play ground to get them to come with there parents and then the parents would have a coffee from McCafé. It is a very good service and many people desire for quick easy food.]]> 2019-08-30 05:38:51 UTC https://padlet.com/mbaines/znqfjg4vusnt/wish/378553959 Hayden hpiper https://padlet.com/mbaines/znqfjg4vusnt/wish/378553960 Consumer is king means that producers have to adjust their prices and their supply of goods and services based on consumer demand. The goal of a business is to make the highest profit possible. This means that if businesses sell their goods and services to low then they’ll have no supply left because the demand is so high, if they sell their products to high they’re going to have the opposite problem; they’ll have to much supply because of the low demand. So therefore businesses have to find out what price they want to sell for their goods and services based on consumer’s Tastes and preferences, desire and how much they are willing and able to pay.]]> 2019-08-30 05:38:51 UTC https://padlet.com/mbaines/znqfjg4vusnt/wish/378553960 Declan Morgan dmorgan110 https://padlet.com/mbaines/znqfjg4vusnt/wish/378553967 Consumer is king this means that producers must produce what consumers prefer, but how? Consumers provide producers with the money in order for the producers to produce their goods and services, producers provide what the consumers want because if they don’t then the consumers wouldn’t buy their goods and services. Producers have to keep it to date on consumers tastes and preferences because if they don’t then they would sell goods that consumers don’t want, price can also fall into this category as consumers don’t want to buy and apple for $10, consumers will buy apples for $3 instead of $10 as spending to much money on one good is an impulsive decision. Producers must provide what consumers desire is and somehow make up profit from this, they need to provide goods and services that consumers desire in order to gain profit, the suppply and demand of one good also comes into this category of profit, consumers demand may be high for a good but if the supply is low than the producer may get a low profit. For example the producers of McDonald’s had a fattening fast food menu and they still do but because of consumers preference and desires they changed their menu to have fruit, salad, low fat meat and many other things such as Mcafe. The producer produces what other people want, they produce things that they want such as stylish clothing, technology products such as I phones, comfortable objects such as couches and more preference, desires and wants. Depending on the demand of a want the amount of a good produced is the amount of the good being wanted, an example of this could be a new I phone, several of these are being uses more and more as more people grow up, they make them as it is people’s prefrance to have the need for them. All of these points relate back to the statement consumer is king, producers rely on consumers to provide them with money.]]> 2019-08-30 05:38:56 UTC https://padlet.com/mbaines/znqfjg4vusnt/wish/378553967 Orlando Jessup ojessup https://padlet.com/mbaines/znqfjg4vusnt/wish/378553974 Consumers are king in the Australian economy because, they control what the producers sell and make for example... When people wanted something to fidget with, they came up with a fidget cube so the people that wanted to fidget, could fidget when they wanted. McDonald’s changed there menu because, some of the McDonald’s consumers went healthy and they wanted healthier food. So McDonald’s changed some of their menu to some healthier products/goods to suit peoples preferences, wants, tastes, desires and demand for those things they got so much supply so more people that would not normally eat their unhealthy food would eat there now because they changed some of their menu. McDonald’s made the price low/cheap but even though the price was low/cheap they still made so much profit for only changing some of their menu. And they got more services in so they could make their food quicker and it was easier to make as well. Finally to add they got some people to deliver things like... (Menu Log and Uber Eats etc...).]]> 2019-08-30 05:39:02 UTC https://padlet.com/mbaines/znqfjg4vusnt/wish/378553974 Elizabeth eputhumana https://padlet.com/mbaines/znqfjg4vusnt/wish/378553975 Consumer is king in the Australian economy because they run the economy. Without consumers, producers wouldn’t have enough profit to make goods or services and no consumers will be able to buy it. There would be no supply or demand if consumers weren’t there. Producers wouldn’t be selling things for a suitable price too. McDonald’s has changed their menu due to the demand of their customers. We wanted more healthy food to improve our diet so McDonald’s changed their menu and made it healthier for our desires, tastes and preferences. They even created McCafé as a benefit for parents. ]]> 2019-08-30 05:39:02 UTC https://padlet.com/mbaines/znqfjg4vusnt/wish/378553975 ZBELL zbell11 https://padlet.com/mbaines/znqfjg4vusnt/wish/378553977 Consumer is king: the consumer is king, the producers rely on the consumers because without them they wouldn’t have the consumers tastes and preferences so no one would buy there stock meaning there will be less profit, or if they have limited stock of a popular item the demand would be very high but the supply wouldn’t but if the price was to low all the stock would get sold out and the profit would be small but if the price was to high the consumers will likely go to another shop to get the item. ]]> 2019-08-30 05:39:03 UTC https://padlet.com/mbaines/znqfjg4vusnt/wish/378553977 Molly Fern mfern2 https://padlet.com/mbaines/znqfjg4vusnt/wish/378553981 Consumer is king means that consumers rule the economy. Consumers rule over what goods and services producers make, because they are the ones who buy them. The economy runs around consumers wants and needs. Peoples tastes and preferences change over time. For example, McDonald’s have changed their menu to have healthier options to suit consumer desires, because they know it will give them more profit. Consumers will mostly buy things they ware willing and able to pay for. If the price it too high, then they producers will not get any profit.if producers get demand from consumers for a certain product, then they most likely will supply it at a reasonable price. But if supply gets low but demand still high, producers will raise the price. In conclusion, consumers rule over what goods and services producers produce, therefore ruling over the economy.

]]> 2019-08-30 05:39:07 UTC https://padlet.com/mbaines/znqfjg4vusnt/wish/378553981 mlane36 https://padlet.com/mbaines/znqfjg4vusnt/wish/378554003 Maya ]]> 2019-08-30 05:39:27 UTC https://padlet.com/mbaines/znqfjg4vusnt/wish/378554003 Mason https://padlet.com/mbaines/znqfjg4vusnt/wish/378554040

Consumer is king because its what they demand not what the producers demand. For example McDonald’s the consumers wanted healthier food so less people went to McDonald’s until they made there menu healthier then they.Put apples salads and other items into there menu and the customers started to prefer McDonald’s over other fast food places. It’s with at the consumers desire ]]> 2019-08-30 05:39:53 UTC https://padlet.com/mbaines/znqfjg4vusnt/wish/378554040 Reece nocciolino rnocciolino https://padlet.com/mbaines/znqfjg4vusnt/wish/378555289 Consumers are king in the australian economy because they make produers change or keep there goods and services if the consumers like it or no. Mcdonalds had to change there menu because the consumers said it was to fatning for them to eat. Consumers will demand for more goods or services if they like the taste or price of the good or service.
Producers must supply the wants of the consumers for forfill there desire for more. Businesses need to make a profit to keep there business moving.]]> 2019-08-30 05:55:05 UTC https://padlet.com/mbaines/znqfjg4vusnt/wish/378555289 Maya mlane36 https://padlet.com/mbaines/znqfjg4vusnt/wish/378558255 Consumer is King means that the consumers are the main thing of economics because they are the ones buying the product and the producers have to keep them happy so that their business stays open, that means that the producers have to keep up with the latest and new trends and also find out what type of things people like, for example clothes, toys, food, entertainment and more.

MacDonalds have made dramatic changes to their menu and they have brought in loads of new customers looking for something like the Mc- wraps, salads and also apple slices for little ones and also they have also expanded their businesses by adding another 1 story to their franchises and also making the playgrounds a whole lot better (I know that by experience), they have tried to make their menus a whole lot healthier and adding more options to chose from ]]> 2019-08-30 06:20:08 UTC https://padlet.com/mbaines/znqfjg4vusnt/wish/378558255 Jake Mallozzi https://padlet.com/mbaines/znqfjg4vusnt/wish/378822040 Jake - Consumer is king means that the consumers preferences change all the the time and demand the producers to buy and supply the latest tastes. For example McDonalds changed it’s menu to a more healthier menu because more and more people at the time were changing to a more healthier diet. Maccas opened “McCafe” because so many parents don’t like McDonalds because it is unhealthy but their kids like it so they can have coffee and cakes while their kids have burgers and nuggets.]]> 2019-08-31 01:33:39 UTC https://padlet.com/mbaines/znqfjg4vusnt/wish/378822040