The Concept of the Threat from Substitutes in Porter's fiVe

question 27

Multiple Choice

The concept of the threat from substitutes in Porter's five forces model can be likened to the assumption of _____.

• A) homogeneous products in perfect competition
• B) a large number of buyers and sellers in perfect competition
• C) product differentiation in monopolistic competition
• D) collusion among competitors in an oligopoly

---

Definitions:

Legal Marriage

A socially and legally recognized union between individuals that establishes rights and obligations between them.

Cultural Views

Perspectives or opinions shaped by the cultural background and experiences of individuals or communities.

Parenthood

The state or experience of being a parent, encompassing the responsibilities, joys, challenges, and changes it brings to an individual's life.

Childlessness

The state or condition of not having children, either by choice or due to circumstances.