Explore the concept of indirect competition in business with examples from popular fast food giants like Domino’s, Pizza Hut, McDonald’s, and others competing in the same market space.
Who are Domino’s indirect competitors?
McDonald’s vs Domino’s Pizza. Their branding and marketing are also alike. However, McDonald’s sells burgers and fries, while Domino’s serves pizza, so we can say that they are indirect competitors.
Who are indirect competitors?
An indirect competitor serves the same customer needs as another company but offers different products or services. For instance, a food vendor offering baked bread for sale is an indirect competitor of one selling chicken tenders. They both serve customers who want food even though they sell different products.
Who are the indirect competitors of Pizza Hut?
Dominos are present in most locations where Pizza Hut is not. McDonald’s, Burger King, and KFC are also indirect competitors trying to steal customers from pizza hut regularly.
Who are indirect competitors of fast food?
Indirect competitors are businesses in the same category that sell different products or services to solve the same problem. For example, Taco Bell and Subway fall under the same category — fast-food — but they offer entirely different menu options.
Who are the indirect competitors of restaurants?
Indirect competitors are businesses catering to the same target market but with different offerings. For example, consider a pizza parlor and burger shop. Their offerings greatly differ, but because they cater to the same target audience and compete for the same market gap, they are indirect competitors.
Who are direct and indirect competitors?
Direct competitors are companies that offer the same product (or service) offering as you. However, indirect competition is somewhat different. They are businesses whose product (or service) offerings are different from yours, but could satisfy your customer’s needs, and possibly achieve the same goals.