Substitute Products

question 62

Multiple Choice

Substitute products

• A)reduce the attractiveness and profitability of an industry.
• B)represent those items manufactured by direct rivals within an industry.
• C)are usually cheaper than the products they can replace.
• D)are always a serious threat to rivals in an industry.

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Definitions:

Ring Tone

A sound made by a telephone to indicate an incoming call or text message.

Neutral Stimulus

A stimulus that initially produces no specific response other than focusing attention before conditioning.

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers a response without prior learning.

Primary Stimulus

The initial or main source of stimulation that elicits a response in sensory, behavioral, or cognitive processes.