Question

Rosemarie and Dominique, owners of Sugarplum Coffee and Pastry Shop, are concerned because Panera Bread is opening a new store just one mile from their shop. Rosemarie and Dominique know that Panera will be offering similar products; therefore, Panera Bread will be a(n) ________ of Rosemarie and Dominique.a. competitor b. competitive ally c. strategically

Answer 1

a. competitor

Step-by-step explanation:

Where a new firms decide to supply or produce goods or services that are of close substitute to the ones produced by a firm, such new firms are termed competitors to the old ones. This is because the two firms both new and old will be competing for the scarce resources of the consumer and the market share. Here Panera Bread will be offering goods of close substitute to Rosemarie and Dominique products