Thinking like an economist: The basic vocabulary of the field

Thinking like an economist: The basic vocabulary of the field

Firm

The firm that I picked is a fast food restaurant “Buffalo Wild Wings”, this Ohio bases fast food restaurant established in 1982 by James Disbrow and Scott lowery. The organizations started franchising in 1991, the menu of this restaurant includes, salads, sandwiches, burgers, drinks and ribs (entrepreneur.com, 2013). The reason for picking this firm mainly is the relevancy of micro economic concepts, due to the direct involvement of end consumers. However, the thing the interest me in this firm is basically the ...