BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
McDonalds
|
|
|
Coffee beans
|
|
|
Illy coffee
|
Detailed explanation-1: -Privately-owned Burger King is McDonald’s closest competitor. Yum Brands operates Taco Bell, KFC, and Pizza Hut. Subway is the largest restaurant chain in the world in terms of size, but sales have been sliding since 2012.
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: -Who Is Starbucks’ Biggest International Competitor? With physical locations around the world, Starbucks competes with McDonald’s and Dunkin’ Donuts in dozens of international storefronts.