Products or Services That May Be Sought as Alternative Solutions

question 101

Multiple Choice

Products or services that may be sought as alternative solutions (e.g., purchasing tax planning software rather than paying a CPA to assist with preparing your taxes) are referred to as ________.

• A)buyers products
• B)rivalry products
• C)substitute products
• D)competitive alternatives

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Definitions:

Implementing Decision

The phase of the decision-making process where the chosen course of action is put into action to achieve intended outcomes.

Information

Data that has been processed, organized, or presented in a manner that makes it meaningful and useful to the recipient.

Lack Of Response

A situation where there is no reaction or feedback to a stimulus or action.

Critical Evaluation

The systematic process of assessing the merits, faults, value, or significance of something, based on criteria and reasoned arguments.