By taking a logistics company into contemplation, there is plenty of fish in the sea.
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1
I have selected BurgerKing for this assessment. It is an American Fast Food Company, which has many competitors such as Wendy’s , McDonald’s, Popeyes, and Sonic to name a few. I would consider it an oligopoly competition because there are many competitors in the market resulting in a big market share. BurgerKing formulates its policies and strategies after analyzing the moves of its competitors, whether it is about price policies, marketing policies, or any other policies. As a result, its market shares do not decrease. BurgerKing focuses on large scale production. It focuses on franchising to expand its market shares and increase its customers which will increase its scale of production. As a result, there is a slight decrease in the cost of production which acts as an entry barrier for prospective competition, and present competitors. BurgerKing also spends a lot on Research and Development in order to add value to its products. They continue to research, innovate, test and add things in it’s menu like Double whoppers with bacon and chicken fries, etc. BurgerKing offers many food items which are healthy and full of nutrients and customers have the autonomy to choose items like salads, hamburgers or milk with Happy meals as per their Nutritional requirements.
These are some of the main elements BurgerKing uses when combating its competition.
2
By taking a logistics company into contemplation, there is plenty of fish in the sea. In this developing modern world, knowledge has propelled significant changes in the trade chain industry. The logistic companies are all set to instrument artificial intelligence and machine learning to industrialize everything from the warehouse to freight The Computerization helps the contestants to give better quotation because of the well-organized route optimization and which results in the inexpensive and efficient delivery of the goods. All Midscale companies are employing automation to compete in the market by applying QR scanners and laser code printers. Objects that may result in making changes would be consoles. These consoles can do business analytics, labor organizing, supply management, and Manpower attending information, which will result in the company’s expansion by almost 25% to 30% corresponding to the statements. The wealth of data can be dug and displayed in the control panel with the help of statistics scientists and business analysts. Mechanization would be the coming of the supply chain
Answer preview to by taking a logistics company into contemplation, there is plenty of fish in the sea.
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