Largest U.S. Franchisee Reflects on a Post-Covid Restaurant Industry

Largest U.S. Franchisee Reflects on a Post-Covid Restaurant Industry

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses labor shortages in the restaurant industry, exploring causes like unemployment insurance and childcare concerns. It examines the impact of wage increases on businesses, highlighting potential solutions like bifurcated wages. Supply chain challenges, particularly in food supply and distribution, are addressed. The discussion also covers pricing strategies amid supply shortages and consumer demand. Finally, the pandemic's impact on fast food and off-premise dining is explored, noting a significant increase in off-premise sales for Applebee's.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the discussed causes of labor shortages in the restaurant industry?

Increased food prices

Supplemental unemployment insurance

Lack of restaurant locations

High interest rates

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential consequence of raising the minimum wage to $15 according to the transcript?

Increased job opportunities for entry-level workers

Decreased business efficiency

Higher consumer spending

Automation and efficiency improvements

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a strategy mentioned for dealing with supply chain issues?

Reducing menu options

Increasing food prices

Using refrigerated trucks for storage

Hiring more staff

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a concern about passing increased supply costs to consumers?

It could damage brand reputation

It might not cover the increased costs

It could lead to a decrease in demand

Consumers may stop dining out

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did the pandemic affect Applebee's off-premise sales?

Sales decreased significantly

Sales were unaffected by the pandemic

Sales increased to almost 60% during the pandemic

Sales remained the same

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one reason fast food did well during the pandemic?

New menu items

Drive-thru availability

Increased advertising

Lower prices

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a long-term benefit of the shift to off-premise dining for Applebee's?

Higher profitability

Increased brand loyalty

More menu options

Reduced operational costs