How Can a Company Reduce the Threat of Substitute Products

question 213

Multiple Choice

How can a company reduce the threat of substitute products or services?

• A)market the product to less than ten customers
• B)ignore competitive forces
• C)offer additional value through wider product distribution
• D)offer less value, making the product far more generic and similar to the competition

Describe the main categories and networks of communication within an organization.

Understand the concept and phases of change within groups.

Identify and define the types and purposes of various social and professional groups.

Recognize the historical evolution and impact of significant social movements and organizations.

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Definitions:

Gear Lube

A high-viscosity lubricant specifically designed for transmissions, differentials, and gearboxes to protect against wear, pitting, and corrosion.

Spinout Condition

A scenario in driving where the vehicle loses traction and spins out of control, often due to slippery conditions.

Power Divider

A differential mechanism in heavy trucks that allows for distribution of power between the front and rear axles for improved traction.

Differential Carrier

The housing that contains the differential assembly, facilitating the variation in wheel speed on a vehicle.