Which of the Following Is NOT Descriptive of the Threat

question 22

Multiple Choice

Which of the following is NOT descriptive of the 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:

Outside Consultants

Experts or professionals hired from outside an organization to provide specialized advice or services.

Corporate Meetings

Gatherings or assemblies of individuals, usually stakeholders or employees, within a corporation to discuss business matters, strategies, or performance.

Government Agencies

Organizations that operate within the government framework, responsible for the administration and enforcement of public policies, regulations, and services.

Employment Benefits

Various non-wage compensations provided to employees in addition to their normal salaries or wages, such as health insurance, pensions, and vacation.