In Which of the Following Instances Are Industry Members Not

question 40

Multiple Choice

In which of the following instances are industry members not subject to stronger competitive pressures from substitute products?

• A)The costs to buyers of switching over to the substitutes are low.
• B)Buyers are dubious about using substitutes.
• C)The quality and performance of the substitutes are well-matched to what buyers need to meet their requirements.
• D)Buyer brand loyalty is weak.
• E)Substitutes are readily available at competitive prices.

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Definitions:

Laissez-faire Leader

A leadership style characterized by minimal supervision, where leaders give group members a high degree of freedom in their work.

Authentic Leader

Characterized by their self-awareness, honesty, and ethical conduct in guiding their followers.

Employee Relations

The management of relationships between employers and employees, often focusing on resolving disputes and fostering a positive work environment.

Productivity

The measure of efficiency at which goods or services are produced, often evaluated in terms of output per unit of input.