Word: competitors
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McDonald's has also staked out the newest fast-food battleground: breakfast. Since introducing its Egg McMuffin (a muffin sandwich containing eggs, Canadian bacon and cheese) in 1976, the chain has seen its breakfast business grow to 19.5% of total sales. Last March Burger King introduced a competitor, the Croissan'wich, and promoted it with a saturation TV ad campaign. Most other chains have now added at least some breakfast items, from French-toast sticks at Arby's to an all-you-can-eat breakfast buffet at some generous Roy Rogers outlets...
...Third World, would see an alternative to the failures of Soviet-style Marxism. Many of China's neighbors in the Far East, including Taiwan and South Korea, would find that a political foe had been tamed into a trading partner, while an economic weakling had become a mighty competitor. Most important, perhaps, the U.S. and other Western countries would see the crusading faith that has made the Marxist third of the world an enemy converted into a system that the West could live with and in some respects, though certainly not all, applaud...
...Asia, however, there are two complicating factors. Some countries, notably Indonesia, fear that a strong, modern China may eventually try to reduce them to a kind of political vassalage. A much more immediate consideration: China is already becoming a powerful economic competitor for such industrializing Pacific Rim countries as Taiwan, Thailand, Singapore and South Korea. Rising agricultural output has enabled China to become a net exporter of grain. Exports of other goods as diverse as toys and oil are increasing too. Low wages enable China to compete on price with any of the developing countries. And China can offer...
...Hyundai's road trip is really just beginning. Despite its impressive winning streak, the company is still only the world's seventh largest carmaker, with 3.3 million vehicles sold globally, and that includes sales by its Kia subsidiary. But Chung has grand ambitions. "We will make ourselves an invincible competitor," he says. Hyundai's larger rivals should mark those words whenever they check their rearview mirror for overtaking traffic. --With reporting by Daren Fonda/New York and Frank Sikora/Montgomery
...Many say he is an enigma, that nobody really knows him. But perhaps he is not all that complicated. Everything he's done at AIG--hobnobbing with the elite, constant globe trotting, charitable giving, his 24/7 schedule--was aimed at one thing: making the company a more formidable global competitor. This is a man who knew how to play hardball to get what he wanted. A lawyer before he was an insurance man, he thought nothing of phoning members of Congress or even Cabinet-level officials at the White House to express his views on tort reform, insurance legislation...