BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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McDonalds and Burger King
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Burger King and KFC
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Pappa Jones and Dominos
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Dominos and KFC
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Detailed explanation-1: -KFC competitors include Chick-fil-A, McDonald’s, Wendy’s, Jack in the Box and Popeyes Louisiana Kitchen.
Detailed explanation-2: -An indirect competitor serves the same customer needs as another company but offers different products or services. For instance, a food vendor offering baked bread for sale is an indirect competitor of one selling chicken tenders. They both serve customers who want food even though they sell different products.
Detailed explanation-3: -Indirect competitors of McDonald’s Indirect competition takes place when companies’ products/services are not the same; however, can address the same needs of consumers. For example, McDonald’s is famous for burger, chicken, and fries. It also sells tea, coffee, and other beverages. But Pizza Hut is famous for pizza.