The Competitive Pressures from Substitute Products Tend to Be Stronger

question 121

Multiple Choice

The competitive pressures from substitute products tend to be stronger when

• A)good substitutes are readily available.
• B)there are fewer number of substitute products.
• C)substitutes have lower performance features.
• D)buyers incur high costs in switching to substitutes.
• E)substitutes are priced above the market.

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Definitions:

Family Forms

Various configurations and structures of families, shaped by factors such as cultural, social, and legal considerations.

Material Success

The achievement of wealth, possessions, or other physical resources, often viewed as an indication of prosperity or financial achievement.

Arab Americans

Individuals in the United States of Arab descent, who bring a rich cultural heritage and may identify with various national backgrounds.

External Environment

The conditions, entities, events, and factors surrounding an organization that influence its activities and choices but are not within its control.