Why Fast Food Has Gotten So Expensive?

What was the price of three Filet-O-Fish at McDonald's mentioned in the video?

• $17

• $12

• $15

• $20

By what percentage did the prices in the limited service meals category increase from 2019 to 2023?

• 30%

• 24%

• 28%

• 19%

Which type of restaurant saw a nearly 24% increase in prices?

• Casual dining

• Fine dining

• Full service

• Fast food

What is the main reason for the rise in fast food prices according to the video?

• Rental fees

• Marketing expenses

• Labor costs

• Packaging costs

How did the pandemic affect the fast food labor market?

• Decreased competition

• Increased employee benefits

• Increased competition

• Stable employment rates

What strategy are fast food chains using to attract more labor?

• Decreasing menu prices

• Offering flexible hours

• Raising wage rates

• Reducing operating hours

What was the national average check for a quick service restaurant from December 2023 to February 2024?

• $18

• $15

• $22

• $20

How have consumer behaviors changed in response to rising fast food prices?

• Unchanged spending habits

• Decreased spending per visit

• Increased frequency of visits

• Reduced frequency of visits

What is the projected active user goal for McDonald's loyalty program by 2027?

• 250 million

• 200 million

• 150 million

• 100 million

Why are fast food chains focusing on digital enhancements and loyalty programs?

• To increase sales through targeted promotions

• To enhance customer service

• To simplify menu options

• To reduce operational costs