Generally, an Industry Is More Attractive When Quality Substitute Products

question 38

True/False

Generally, an industry is more attractive when quality substitute products are not readily available, the prices of substitute products are higher, and buyers' costs of switching products is high.

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Definitions:

Reliability

The degree to which an assessment tool produces stable and consistent results over multiple administrations or applications under the same conditions.

Validity

The extent to which a concept, conclusion, or measurement is well-founded and likely corresponds accurately to the real world.

100% Reliable

An absolute level of dependability and consistency in performance or outcome that is often considered unachievable in practice.

Construct Validity

Construct validity is demonstrated when the measures of one concept or construct agree with the measures of other related concepts.