Based on the Following Pieces of Information, Which Fast Food

question 256

Multiple Choice

Based on the following pieces of information, which fast food product do consumers see as the closest substitute for Wendy's Hamburgers?

• A) Kentucky Fried Chicken, which has a cross elasticity of 1.70 with Wendy's
• B) McDonald's hamburgers, which have a cross elasticity of 1.01 with Wendy's
• C) Pizza Hut pizza, which has a cross elasticity of zero with Wendy's
• D) Taco Bell tacos, which have a cross elasticity of -1.25 with Wendy's

---

Definitions:

Company Goals

Objectives set by a company intending to guide its operational and strategic direction and measure success.

Behaviour Potential

The likelihood that a specific behavior will occur in a particular situation, influenced by the individual's previous experiences and environment.

Permanent Change

A lasting or enduring alteration in conditions, status, or policies that does not revert to its original state.

Experience

In a professional context, experience refers to the knowledge or skill obtained from involvement in or exposure to certain events, activities, or jobs over time.