What percentage increase did fast food prices experience from 2019 to 2023?

Fast Food Price Trends and Strategies

Interactive Video
•
Business, Social Studies
•
9th - 12th Grade
•
Hard

Olivia Brooks
FREE Resource
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
32%
28%
24%
19%
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which factor is primarily responsible for the recent rise in fast food prices?
Increased rent costs
More expensive packaging
Increased advertising expenses
Higher labor costs
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How has consumer behavior changed in response to rising fast food prices?
Consumers are spending more overall.
Consumers are visiting fast food outlets more frequently.
Consumers have stopped visiting fast food outlets.
Consumers are visiting less frequently but spending similar amounts.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one strategy fast food chains are using to maintain growth despite rising prices?
Offering more discounts
Expanding operating hours
Increasing advertising budgets
Reducing portion sizes
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How are fast food chains using technology to combat decreased value perception?
By increasing the number of outlets
By enhancing mobile apps and loyalty programs
By offering free delivery
By reducing menu prices
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