If There Are _________ Alternatives to an Organization's Products or Services

question 22

Multiple Choice

If there are _________ alternatives to an organization's products or services, then the threat of substitutes is high; if there are _________ alternatives, then the threat is low.

• A) few; few
• B) few; many
• C) many; few
• D) many; many

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Definitions:

Transportation Inward

Costs incurred to bring materials to a business, often included as part of inventory costs.

Purchase Cost

The amount paid to acquire goods or services, including the price of the item(s) and associated costs such as shipping and handling.

Manufacturing Overhead

All indirect costs associated with the production process, such as utilities, rent for production facilities, and maintenance expenses.

Factory Equipment

Machinery and tools used in a manufacturing process to produce goods.