In the United States alone, consumers spent about US$110 billion on fast food in 2000 (which increased from US$6 billion in 1970). The National Restaurant Association forecasted that fast food restaurants in the U.S. would reach US$142 billion in sales in 2006, a 5% increase over 2005. In comparison, the full-service restaurant segment of the food industry is expected to generate $173 billion in sales. Fast food has been losing market share to fast casual dining restaurants, which offer more robust and expensive cuisines.
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Famous quotes containing the word business:
“I deny the lawfulness of telling a lie to a sick man for fear of alarming him. You have no business with consequences; you are to tell the truth.”
—Samuel Johnson (17091784)
“It is hard to say which is the greatest fool: he who tells the whole truth, or he who tells no truth at all. Character is as necessary in business as in trade. No man can deceive often in either.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (16941773)
“What business is it of yours, then?
Its every mans business to see justice done.”
—Sir Arthur Conan Doyle (18591930)