Which of the Following Is NOT Descriptive of "Threat of Substitute

question 52

Multiple Choice

Which of the following is NOT descriptive of "threat of substitute products or services?"

• A)Substitute products appear to be different, but satisfy the same need as another product.
• B)If the cost of switching is low, substitutes may have a strong effect on an industry.
• C)Identifying substitutes is relatively easy since they look similar.
• D)Possible substitute products or services may not appear to be easily substitutable.
• E)Substitutes limit the potential returns of an industry.

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Definitions:

Level of Processing

A theory suggesting that the depth (shallow to deep) of mental processing affects memory recall, with deeper processing leading to better recall.

Unifying Themes

Broad ideas or concepts that serve to tie together or integrate various elements into a coherent whole.

Semantic Memory

A type of long-term memory involving the storage of general knowledge and facts about the world, separate from personal experiences.

Behavioural Approach

A theoretical perspective focusing on observable behaviors and the ways in which they're learned from the environment.