What are key success factors for fast food restaurant?

Answer 1

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.

Answer 2

McDonald's large quantity of stores (more than double its competitors), and the popularity of its brand logo.

Answer 3

Fast 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.

Answer 4

Because people are either too lazy or don't have enough time to make food for themselves or their families.

Answer 5

ultimately delivering the food fast; having friendly people working; maintaining a clean and efficient environment inside and outside the building; PROFIT

Answer 6

5 forces analysis on fast food industry