Substitutes Erode Profits Because of Which of the Following Factor

question 28

Multiple Choice

Substitutes erode profits because of which of the following factor?

• A)Substitutes compete for similar inputs driving up production costs
• B)Substitutes divide demand and drive up internal rivalry
• C)Firms producing substitutes use similar worker skills dividing the labor pool
• D)Manufacturers of substitutes enter markets later and have lower sunk costs
• E)None of the above

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Definitions:

Standard Module

In programming, a code module that contains general procedures and functions that can be referenced from anywhere within the application.

Function Procedure

A block of code within programming that performs a specific task and can return a value, used to modularize and simplify coding.

Query

A request for information from a database, specifying criteria to select and retrieve data.

Global Code

Code that is accessible from any point within the scope of an application, not limited by local context.