The Threat of a Substitute Is Stronger If the Substitute's

question 93

True/False

The threat of a substitute is stronger if the substitute's price is higher and if the perceived benefits of the substitute are similar.

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Definitions:

Gini Index

The Gini Index is a statistical measure used to gauge economic inequality within a country, representing the income or wealth distribution among that country’s residents.

Income Inequality

The unequal distribution of income within a population, resulting in a gap between the richest and poorest individuals or households.

Megacorporations

Extremely large corporations, often with significant power and influence across multiple countries and industries.

National Governments

The organization that is the governing authority of a political unit, the ruling power of a nation.