What Is Threat of Substitute Products or Services

question 12

Multiple Choice

What is threat of substitute products or services?

• A) The ability of buyers to affect the price they must pay for an item
• B) The suppliers' ability to influence the prices they charge for supplies (including materials, labor, and services)
• C) High when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market
• D) High when there are many alternatives to a product or service and low when there are few alternatives from which to choose

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Definitions:

Smartphone

A mobile phone that combines cellular and mobile computing functions into one unit, equipped with a touchscreen interface, internet access, and an operating system capable of running downloadable apps.

Computer

An electronic device capable of processing, storing, and displaying information based on programming.

Laser Printers

Printers that use a laser beam to produce text and images on paper, known for their high-quality output and speed.

Ink

A liquid or paste that contains pigments or dyes used for writing, drawing, or printing on various substrates.