A Distribution Agency Was Using Facsimile Machines to Send and Receive

question 21

Multiple Choice

A distribution agency was using facsimile machines to send and receive long-distance messages.This was replaced with an all-in-one printer,flatbed scanner,copier and fax device that allowed the agency to accomplish multiple tasks at the same price.For the manufacturer of the facsimile machines,this example represents the:

• A)entry barrier for companies
• B)bargaining power of buyers
• C)threat of substitute products
• D)rivalry among present competitors

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Definitions:

Retail Products

Goods that are sold to the public through stores, online, or other channels, typically for personal or household use.

Durable Goods

Products or goods that do not quickly wear out and provide utility over time, often lasting for years.

Smartphones

Mobile devices that combine features of a traditional mobile phone with those of other popular consumer gadgets, like personal digital assistants, media players, and GPS navigation units.

Imperishable Goods

Items or products that do not deteriorate in quality or value over time, such as diamonds or precious metals.