answersLogoWhite

0


Best Answer

To sell more, and to make more money for their shareholders.

User Avatar

Wiki User

8y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why do fast food companies compete with each other?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Economics

How Cost-push inflaction can result in a recession?

http://en.wikipedia.org/wiki/Cost-push_inflation Exaggerated Example: Lets say the US had no oil at all. Then suddenly and rapidly (rapidly is the key like 3-6 months) the cost of oil went from $40/barrel to $4000/barrel. Because it happened so fast, the market could not come up with a better alternative. Businesses that rely on oil for operating or personal people rely on oil to get from point A to point B can't do so at a reasonable cost. Typically Cost-push inflation will not happen because companies and governments are smart. If the cost goes too high, it will impact quantity and most importantly accelerates the development of alternative technologies that ultimately compete and reduce the cost for everyone. I think the oil companies saw this with $4.00 gas. Suddenly everyone wanted a battery powered car and those technologies got a huge influx in cash. Given gas at $6 or $8/gallon, other options would eventually catch up and compete.


Challenges as a result of changing technology?

In my opinion, things in the tech world are moving to fast. Companies like apple are making new tech so fast that its hard for people to catch up. The speed products are made at is resulting in lower quality products. As an example, iphone 4's are being made so fast that the aren't functioning properly and are not full quality


Why is liquidity important to small businesses?

"Cash is king." Up to 60% of small businesses that fail attribute their failure to a lack of cash flow. Liquidity gives companies security during uncertain times. Also, liquidity allows companies to consider long-term investments that make their companies profitable. I hope this was helpful... it is an open ended question that could be answered in a million ways. Merchant cash advances are a great way for companies to receive money fast. To learn more about a reliable MCA company, check out Entrust Cash Advance at www. entrustcashadvance . com


Examples of global corporation?

McDonalds and other fast food firms, Ford, Holden and other major car manufactures, etc.


What is fast response strategy?

fast profits

Related questions

What is a boat race?

A boat race is a competition in which two or more boats compete against each other to travel as fast as possible down a specific course.


What companies claim We Buy Houses Fast?

There are many companies that purchase houses on the market. The slogan 'We Buy House Fast' is a federally used real estate slogan. Similar phrases can be found in relation to other companies.


How fast does a chamois reproduce?

By mating with each other


What is the 100-meter Olympic dash like to compete in?

its fast, really fast Timothy stellmacher


How can a person get a fast cash advance?

There are several places where you can get a fast cash advance. Advance America, Fast Cash Day Loans, and several other companies offer fast cash advance loans.


How did Stephanie Rice qualify to compete in the Olympics?

By Swimming SSOO fast


Can you compete in swimming if you are less then 6'4 in height?

Yes, You can. It sort of depends on how old you are. 6'4" is not short for a teen. Height, either way, will not limit you on how fast you swim. It is whether or not you are fast will determine if you can compete, not your height.


The sun's heat causes atoms to move so fast that they crash into each other?

Yes... yes it does. For that matter, the Earth's heat causes some atoms to move so fast that they "crash into each other."


What companies offer fast cash advance loans?

There are several companies that offer fast cash advance loans, such as companies such as Wonga. Similarly, companies such as 'Pounds to Pockets' also offer this service.


How fast does two continental crusts move apart from each other?

continental crusts move away from each other by only a few centimeters away from each other every year.


How fast do plates slide past each other in an earthquake?

4 seconds


What two chemicals react fast with each other?

Water and baking soda:)