The Threat from Substitutes Is High When

question 62

Multiple Choice

The threat from substitutes is high when:

• A) switching costs are high.
• B) the substitute product's price is lower than the industry product's price.
• C) the quality of the substitute product is lower than the quality of the industry's product.
• D) the substitute product stimulates new process innovations within the industry.

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Definitions:

Protons

Positively charged particles found within an atom's nucleus, contributing to the atom's mass and charge.

Neutrons

Subatomic particles found in the nucleus of an atom, with no electric charge and a mass slightly larger than that of a proton.

X-rays

Electromagnetic waves with wavelengths shorter than those of visible light, capable of penetrating solids and ionizing gases, widely used in medicine and industry for imaging and diagnostic purposes.

Bones

Hard, dense connective tissue forming the skeleton, providing structure and protection to the body as well as assisting with movement.