Question: QUESTION FIVE (20 Marks) You are a manager at a popular fast-food chain that has been operating in a specific area for many years. Recently,
QUESTION FIVE (20 Marks) You are a manager at a popular fast-food chain that has been operating in a specific area for many years. Recently, a new fast-food chain has opened up in the same area, offering a similar menu at slightly lower prices. This has caused your sales to decline and you are concerned about the threat of entry as a competitive force. Using the scenario provided, describe the threat of entry as a competitive force and how it
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