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Describe the Threat of Substitute Products or Services

question 59

Essay

Describe the threat of substitute products or services. Explain how organizations fight this threat.


Definitions:

Mutualism

In ecology, a symbiotic relationship in which both partners benefit from the association. Compare with parasitism and commensalism.

Photoautotroph

An organism that obtains energy from light and synthesizes organic compounds from inorganic raw materials; includes plants, algae, and some bacteria. Compare with photoheterotroph, chemoautotroph, and chemoheterotroph.

Fumigallin

A chemical compound originally discovered for its antibiotic properties, often mentioned in the context of beekeeping to treat nosema disease.

Psilocybin

A naturally occurring psychedelic compound produced by more than 200 species of fungi.

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