What Is Threat of Substitute Products or Services

question 12

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

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Definitions:

β-Carotene

A red-orange pigment found in plants and fruits, and a critical precursor of vitamin A in the human diet.

Isoprene

A common organic compound with the formula C5H8, used as a monomer in the production of natural and synthetic rubbers.

Steroids

A class of lipophilic compounds characterized by a core structure of four fused carbon rings, varying by the functional groups attached and serving in various biological roles.

Sesquiterpene

A class of terpenes that consist of three isoprene units and have the molecular formula C15H24.