Which of the Following Is True If the Threat from Substitutes

question 65

Multiple Choice

Which of the following is true if the threat from substitutes is strong?

• A) Customers are likely to switch to competitors' products.
• B) Competitors' products are of a lower quality.
• C) Competitors are yet to overcome the entry barriers.
• D) Prices of competitors' products are higher.

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Definitions:

Norms

Established standards of behavior or guidelines that are accepted within a group or society.

Roles

The functions or parts played by individuals in a particular social, professional, or other contexts.

Barbiturates

A class of drugs that act as central nervous system depressants and are used as sedatives or anticonvulsants.

Somnambulism

A condition also known as sleepwalking, where an individual walks or performs other complex behaviors while asleep.