A well-known company that I know of is Subway. Three direct competitors for Subway are Jimmy John’s, Quiznos, and Firehouse Subs. They all are direct competitors because they all specialize in a variety of subs. Three indirect competitors for subway are Magic Wok, Starbucks, and Chipotle Mexican Grill. They all are a restaurant/fast-food chain, but they don’t specialize in subs like Subway. Therefore, they are competitors but not direct competitors because if a consumer is seeking fast-food they can choose one or the other without getting the same type of food.
As business grew, so did competition. Charlotte’s biggest competitors are Wet Seal Inc, and Forever 21. Charlotte Russe, however performed better than its competition due to its marketing philosophy, following the customers wants rather than decreeing trends.
The term “fast-food” is usually distinguished by food served very quickly to a customer by drive-through or carry-out. Fast-food restaurants are highly associated with low-cost and malnutrition foods with brief consumer and employee interaction, and below average cleanliness based on restaurant health inspection reports. Chick-fil-A has changed the usual perception of fast-food restaurants. Rather than burgers and potato fries, Chick-fil-A serves chicken sandwiches and waffle fries. Chick-fil-A also shows their appreciation for employee to customer relations, rather than ignoring the social aspect of serving customers when operating at a fast pace. Chick-fil-A’s menu selection, customer interaction, and clean eating
As soon as a competitor changes their plans or a new competition comes along customers may not want to change their mind about going to a different location (Belonwu). Having a “rivalry” may help concentrate on what needs to be improved in a business depending on what their weaknesses and strengths are. Having competition may be wonderful for the consumers because they have different choices to select what kind of brand of clothing, shoes, or a variety of tools, food and etc. Being able to choose a certain type of customer, may bring in a flow of customers that they’re are trying to reach out for; such as Walmart, they chose to sell products that are family oriented while having different areas in the store pertaining to men’s, women’s, and children’s necessities. If a customer is loyal and you all of a sudden are raising prices on items where they can get goods at a lower price elsewhere, that is causing a business to be disloyal due to competition.
This organization belongs to the oligopoly market structure. The oligopoly market structure involves a few sellers of a standardized or differentiated product, a homogenous oligopoly or a differentiated oligopoly (McConnell, 2004, p. 467). In an oligopolistic market each firm is affected by the decisions of the other firms in the industry in determining their price and output (McConnell, 2005, P.413). Another factor of an oligopolistic market is the conditions of entry. In an oligopoly, there are significant barriers to entry into the market. These barriers exist because in these industries, three or four firms may have sufficient sales to achieve economies of scale, making the smaller firms would not be able to survive against the larger companies that control the industry (McConnell, 2005, p.
As Nike is an international company that has their product selling worldwide, they have countless of competitors, including many domestic local firm. However, not all of these companies have the power to compete with Nike, only a few international companies are Nike¡¦s major competitors, for instance, Adidas and Reebok.
• Discussing the two forces of competition, which are threat of new entrants and threat of substitutes, and identifying the most significant of those forces for McDonald’s Corporation.
Wal -Marts' major competitors are the Kroger co. #2 in annual sales, Albertsons' Inc. #3, Safeway,Inc. #4, and Costco Wholesale Group #5. Now even though Wal- Mart is leading the way in total sales the #2 and #3 businesses lead in way with total # of stores. The Kroger Co. has 3,302 with Albertsons at 2,476 stores nationwide. Wal-Marts total sales for that year alone was beating its 2nd place competition alone by more than 80 billion dolla...
Last, Wal-Mart is also in direct competition with large supermarket retailers. Production capacity in the grocery industry is quite populated and Wal-Mart poses a serious threat to many supermarket retailers, both large and small. Kroger, Albertson’s, and Safeway are all finding it very difficult to compete with Wal-Mart’s low prices. Because the industry is so crowded, even the large supermarket retailers are seeking to differentiate themselves in order to stay afloat.
Hi Mr. Jarrod! As I know you are expecting an important client coming in from out of town, and I would like to help you decide by telling you about the differences and similarities between two of my favorite restaurants. Hopefully, you find one of them suitable enough for your business dinner. I have been to many restaurants in town, but so far Ruby Tuesday and Red Lobster are my favorite ones. Ruby Tuesday and Red Lobster are two similar restaurants with a slight difference in menu, service speed, and price. They receive the same type of customers although the ambiance of these two places is little bit different.
Degree of Rivalry - Very High to Intense – Multiple competitors, high strategic stakes, innovation often easily imitated, and low switching costs for consumers
The major players of retailing industry include Coles , Franklins and 7-Eleven. Obviously, Coles and Franklins are the major competitors of 7-Eleven. Coles is a full service supermarket operating 431 stores throughout Australia, its offers
A Monopoly is a market structure characterised by one firm and many buyers, a lack of substitute products and barriers to entry (Pass et al. 2000). An oligopoly is a market structure characterised by few firms and many buyers, homogenous or differentiated products and also difficult market entry (Pass et al. 2000) an example of an oligopoly would be the fast food industry where there is a few firms such as McDonalds, Burger King and KFC that all compete for a greater market share.
As there is limited direct competitors in the local area, the Market will not be required to alternate services and products. Despite this there are several indirect competitors with respect to popularity in the local area. Though, they are not a direct threat, they do have a common share in customers, products and slogans.
Examination of the eight factors of rivalry intensity shows a number of competitors with many of them producing very similar product lines.
Competing complementary products would be the fountain drinks at fast food restaurants. The soda industry entered the fast food industry which helped them because the fast food industry pays for them to be used in the restaurant. Another competing complementary product is when they put trial products in foreign countries. The testing of products in other countries is risky because you never know if people are going to like it in other countries.