If the Price of an Alternative Is Lower Than the Price

question 64

Multiple Choice

If the price of an alternative is lower than the price of the existing product,and customers perceive similar benefits from both the products,then the ________.

• A)switching cost is high
• B)price of the product should be increased to retain market share
• C)threat from the substitute is strong
• D)customers' bargaining power decreases

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Definitions:

Precipitation

The process by which a substance in solution undergoes a chemical reaction to form a solid, which then separates from the solution.

Biological Activity

The effect of a substance on living organisms, tissues, or cells, indicative of its potential therapeutic effects or toxicities.

Tertiary Structure

The three-dimensional shape of a protein molecule determined by interactions among its amino acids' side chains, beyond simple folding.

H-Bonds

Hydrogen bonds, a type of weak chemical bond that occurs when a hydrogen atom covalently bonded to one electronegative atom is also attracted to another electronegative atom.