What Is Threat of Substitute Products or Services

question 24

Multiple Choice

What is threat of substitute products or services?

• A)the ability of buyers to affect the price they must pay for an item
• B)the suppliers' ability to influence the prices they charge for supplies (including materials, labor, and services)
• C)high when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market
• D)high when there are many alternatives to a product or service and low when there are few alternatives from which to choose

Recognize the significance and outcomes of electoral realignments in American political history.

Identify the key ideological and base differences between major political parties over time.

Analyze the influence of party elites and average citizens in the nomination process.

Understand how and why political parties engage in micro-targeting and other campaign strategies.

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Definitions:

Jürgen Habermas

A German sociologist and philosopher known for his theory on the public sphere, discourse ethics, and the concept of communicative rationality.

Rationality

Primarily, the ability to think and to act according to goals, plans, and strategies. Rationality is also thinking well and effectively and having good, well-conceived goals, plans, and strategies. In the first instance, rationality is to be contrasted with nonrationality; in the second instance, it is contrasted with irrationality. Worms are nonrational; fools and fanatics are irrational.

Powerful

Pertaining to having great power, influence, or effect.

Empirical Truth

A statement that is true because of the facts and knowable through experience.