The Fast Food Industry Is A Multi Billion Dollar Industry

` The fast-food industry is a multi-billion dollar industry that has generated about 200 billion U.S. dollars just in 2013 alone. This industry employs approximately four million people across the country with 83% of U.S. consumers dining at fast-food restaurants at least once a week. The word â€Å"fast-food† made its addition to the Merriam-Webster dictionary during the early 1950’s. The fast-food industry’s (also known as Quick Service Restaurants) modern system of fast-food franchising is said to have begun in the 1930’s. These franchises focus on executing high-volume, low-cost, and high-speed products. Many American fast-food companies are franchised in over 100 countries in today’s society. There are numerous different types of fast-food restaurants like on-premises restaurants; drive-thrus; take-out; and cafeterias/buffets. Due to the nature of the service, the food tends to be preheated and/or precooked in-order to keep up with the busy liv es of today’s modern nomadic community. All the food is standardized and shipped from a central distribution hub. Within the last decade, there has been an increased demand for better quality of food from fast-food restaurants. Usually the food is highly processed with high fat content that is mass-produced to all franchises. This has been a huge issue for fast-food companies to get a handle on because of the national initiative to control obesity in America. In response to the health movement across the U.S., fast-food companiesShow MoreRelatedContract and Event Management702 Words   |  3 PagesHospitality industry includes a range of businesses that relates to provision of products and services. It is a multi-billion dollar industry that depends on leisure and disposable income. 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