Which of the Following Is Not One of the Examples

question 20

Multiple Choice

Which of the following is not one of the examples of Porter's threat of substitute products and services?

• A)Relative performance of substitutes.
• B)Relative price of substitutes.
• C)Switching costs.
• D)Buyer propensity to substitute.
• E)Economies of scale.

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Definitions:

Continuous-Process Production

A manufacturing method where the production process is uninterrupted to ensure efficient and scalable production of goods.

Automated Production

The use of automation technologies to perform manufacturing tasks and processes, reducing the need for human labor and increasing efficiency.

Raw Materials

Basic materials and substances that are processed or refined to manufacture goods, products, or provide services.

Remanufacturing

The process of rebuilding a product to specifications of the original manufactured product using a combination of reused, repaired, and new parts.