Examlex
Monarch butterflies are protected from birds and other predators because of cardiac glycosides they incorporate into their tissues from eating milkweed when they were in their caterpillar stage. The wings of a different species of butterfly, the Viceroy, look nearly identical to the Monarch so predators that have learned not to eat the bad-tasting Monarch avoid Viceroys as well. This example best describes
Low Switching Costs
Low switching costs refer to the minimal barriers or expenses that consumers face when changing from one product, service, or provider to another, leading to higher competition among companies.
Substitute Products
Goods or services that can serve as replacements for each other, meeting the same needs or desires of the consumers, thereby providing a choice.
Potential Substitutes
Products or services that serve as alternatives to an organization's offerings, which consumers might consider if available or for better value.
Average Profitability
The mean financial gain or return from an investment or business operation after subtracting all expenses.
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