The Threat of Substitute Products or Services Is a Measure

question 95

True/False

The threat of substitute products or services is a measure of the ease with which customers can find substitutes for an industry's goods or services.

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Definitions:

Uncertainty Avoidance

A cultural dimension that describes the degree to which societies are willing to tolerate uncertainty and ambiguity.

High Uncertainty Avoidance

A cultural dimension denoting societies that have a low tolerance for ambiguity, resulting in strict norms, behaviors, and a desire for predictability.

France

A country in Western Europe known for its rich history, cultural heritage, and significant global influence.

Performance Orientation

A focus on achieving outcomes and results, emphasizing productivity and excellence.