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:

Mastercard

A global financial services corporation that offers payment processing products and solutions, including credit, debit, and prepaid cards.

Priceless Experiences

Moments or activities that are so unique or fulfilling, their value cannot be quantified by money.

Click Phenomenon

The tendency of individuals to engage with digital content based solely on initial impressions, often driven by headlines or visuals.

Brand Choices

The selection of brands by consumers among various alternatives based on preferences, loyalty, and perceived value.