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Which two of the following factors are part of the competitive environment for a fast food chain?

Multiple select question.

Availability of finance opportunities in the market

Number of restaurants in the market

Income levels in the market

Types of restaurants in the market

1 answer

The two factors that are part of the competitive environment for a fast food chain are:

  1. Number of restaurants in the market - This directly impacts competition levels and market saturation.

  2. Types of restaurants in the market - This affects competitive dynamics as it includes direct competitors and alternative dining options available to consumers.

The other options, while relevant to the overall business environment, do not specifically pertain to the competitive environment itself.