Which of the Following Is TRUE If the Threat from a Substitute

question 58

Multiple Choice

Which of the following is TRUE if the threat from a substitute is strong?

• A) Customers are likely to switch to competitors' products.
• B) Competitors' products are of a lower quality.
• C) Competitors are yet to overcome the entry barriers.
• D) Prices of competitors' products are higher.

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Definitions:

Intangibles

Non-physical factors that cannot be easily quantified, such as brand value, reputation, or employee morale.

Suboptimal Negotiation

A negotiation in which the outcomes or processes are not as good as they could be, often due to inadequate preparation or understanding.

Dilemma Of Honesty

The challenge individuals face when deciding whether to be truthful, potentially causing harm or conflict, or to withhold truth to maintain harmony.

Preparation

The act of making ready or being made ready for use or consideration, involving planning and arrangement activities.