what are a group of firms making products that compete with each other
Answers
Answer:
An industry is a group of firms that produce similar products. For most economic analysis the term industry is used synonymous with the term market.
Explanation:
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Answer:
1.Addidas and Reebok
Addidas acquired Reebok in 2005. So basically these companies are not competitors.
2. Nike and Converse
Another one from sports apparels industry. Yes, Nike and converse are not competitors ,Converse is owned by Nike.
3. Pizza Hut,KFC, Taco Bell:
All these fast food chains are owned by Yum! Brands inc.
4. Louis Philippe, Allen Solly,Peter England:
These Fashion brands are owned by Aditya Birla Group.
5. Thumbs Up, Fanta, Coca-Cola,Limca,Sprite:
Soft drink brands Thumbs Up,Fanta,Limca and Sprite are sub brands of Coca-cola.
6. Pepsi,Mirinda,Mountain Dew:
All these brands are owned by Pepsico.
7. Kurkure, Lay’s, Cheetos:
Even these Snacks brands are part of same company, Pepsico.
8.Vaselin ,Ponds,Lakme,Fair and Lovely:
All these are brands are owned by Unilever.
9.Dove,Lifebuoy,Lux, Pears soaps:
Well , Unilever owns all of these soap brands.
10. Close-up and Pepsodent:
Ok , these toothpaste brands are also owned by Unilever.
11. Magnum ,Cornetto Ice creams:
Again Unilever owns these ice cream brands.
Bonus : Unilever has more than 400 brands which are sold in 190 countries.2 billion people use Unilever products everyday.
Explanation:
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