Threat of New Entrants
The threat of new entrants is relatively low. Although it is not too expensive to start up a fast food restaurant, it is difficult to compete with established leaders in the industry such as McDonald’s, Burger King, and Wendy’s. With their standardized products and services at low prices, combined with a very strong brand, it is extremely difficult for a new entrant to compete directly with these existing businesses. The risk of new entrants is always there and there are local fast food places that are created every year. However, it will take a significant amount of capital investment and many years of operations to build up a recognizable name and be able to compete with the well-known brands
Threat of New EntrantsThe threat of new entrants is relatively low. Although it is not too expensive to start up a fast food restaurant, it is difficult to compete with established leaders in the industry such as McDonald’s, Burger King, and Wendy’s. With their standardized products and services at low prices, combined with a very strong brand, it is extremely difficult for a new entrant to compete directly with these existing businesses. The risk of new entrants is always there and there are local fast food places that are created every year. However, it will take a significant amount of capital investment and many years of operations to build up a recognizable name and be able to compete with the well-known brands
การแปล กรุณารอสักครู่..
