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There must be KFC next to some McDonald's. What is the effect?

Where I work, where there is McDonald's, there is a KFC within 511 meters, which seems to be an advertising effect. McDonald's and KFC are actually very similar. If you don't look at the name, it's like a company. Although both of them are brands, they also have certain competition in business, which is why many consumers will have a comparison when choosing these two brands.

In today's society, the competition for food is very fierce. Although McDonald's and KFC are competitive, they will choose to cooperate for the profit of the market. After all, the dining methods of McDonald's and KFC are more convenient and suitable for the consumption of the younger generation, but it is because the young people's market accounts for a large proportion. If the young people's market is lost, it is a quick way to eat.

The consumption of McDonald's and KFC belongs to the middle end, just as the distance between them is not far, and there will be a comparison in price. However, the characteristics of the two products are also different. McDonald's focuses on hamburgers, while KFC focuses on French fries. McDonald's hamburgers taste better, while KFC's is better than McDonald's in color. The two stores will form a sharp contrast, just like brothers.

Nowadays, many people see that McDonald's and KFC are so close to each other, so many consumers feel that such a close distance between them will definitely have an impact on business. After so many years, McDonald's and KFC are still as popular as ever. They are so close that their business has not been affected at all. Although they are competitors, they can still bring economic effects. This is the most important thing.