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Fast food industry is in a monopolistic competition. This means that fast food businesses produce similar yet substitutable products, are profit maximizers, and all these businesses have some market power.
Wiki User
∙ 9y ago
Wiki User
∙ 13y agoWiki User
∙ 9y agoFast food is successful because it is fast. It is unhealthy, but many Americans are in such a hurry to eat with busy lives that the franchises are a success.
Wiki User
∙ 14y agoBecause people are either too lazy or don't have enough time to make food for themselves or their families.
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∙ 14y agoultimately delivering the food fast; having friendly people working; maintaining a clean and efficient environment inside and outside the building; PROFIT
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∙ 15y ago5 forces analysis on fast food industry
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What are the critical success factors for a restaurant?
There are quite a few critical success factors for a restaurant. Restaurants must be clean, offer friendly service, and deliver food quickly.
Is kfc a fast food restaurant?
yes, it is fast food restaurant.
What is fast food restaurant?
a restaurant that gives food quickly.
What was the first fast food restaurant in Moscow?
McDonald's was the first fast food restaurant in Moscow.
What is vinny castronovos favorite fast food restaurant?
Vinny's Favorite Fast Food Restaurant is Wendy's! c:
What is the founder of all the fast food restraunts?
MacDonald's was the original fast food restaurant created by the McDonald brothers which is the founder of every fast food related restaurant.
Can you get free food for working at a fast food restaurant?
Some restaurant is Yes but Some not.
Is McDonald's fast food?
Only the best fast food restaurant in the world!.
What is McDonald's fast food?
Only the best fast food restaurant in the world!.
What is the first fast food restaurant hat came to Australia?
The white castle was the first Fast Food Restaurant in the U.S. that i know of.
What is Ontario's most common fast food restaurant?
Surely Tim Horton's is ruling the fast food and coffee chains in Canada
How many fast food restaurant?
85,000
