The level of direct competition in the fastfood industry can best be described as
A)low because of the numerous firms in the industry and the slowing growth rate.
B)low because of the slowing growth rate and the competition from composite wood furniture.
C)high because of the numerous firms in the industry and the slowing growth rate.
D)moderate because the slowing growth rate offsets the numerous firms in the industry.

Question

Quizplus · Accepted Answer

The numerous firms in the fast-food industry, coupled with the slowing growth rate, results in high levels of direct competition.

The Level of Direct Competition in the Fastfood Industry Can