SANTOS, KIM FRANZ F.

HRST-32

REACTION PAPER
(TOPIC 2)

The Fast Food industry has many factors that affect the industry that the
management should be aware of this kind of factors. Personally, I as a HRST
student should know better because I’m going to the hospitality industry. Knowledge
about Economic Downturns, Mergers, Economic Upturns etc. is needed when going
to the industry.

I’m surprised that many of these factors are there and I haven’t even realized
that they’ve been there, for me the economic downturn is the factor that is most
oftenly used in the fast food industry in our country because Filipino’s are stingy.

In conclusion, there are plenty of factors which affect the demand in general
and fast food restaurants demand specifically and the most important factors are
consumers' income, wages, tastes and prices of goods, alternative and
complementary goods.