\"Production Costs\" Please respond to the following: You are the owner of a fas

Question

"Production Costs" Please respond to the following: You are the owner of a fast food restaurant. Given a new item that you recently advertised, you experience additional demand for your business that you do not want to ignore. Identify your fixed and variable costs at your fast food restaurant, and explain the changes to each of these costs, given the increased demand. Using the fast food restaurant context in the first part of this discussion, state two methods that take advantage of the increased demand while minimizing costs. Explain two (2) advantages and disadvantages for each method that you have chosen. Provide support for your response.

Explanation / Answer

Supply chain flexibility becomes more critical. When oil price volatility increases, it becomes more important for companies to serve customers from the closest manufacturing plant. However, they are unable to do so if each plant specializes in producing only a few items

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