How Can a Company Reduce the Threat of Substitute Products

question 3

Multiple Choice

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

• A) Market the product to fewer than 10 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.

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Definitions:

Ribosomes

Molecular structures within cells where proteins are synthesized, following the instructions encoded in messenger RNA.

Mitochondria

Organelles within cells that generate most of the cell's supply of adenosine triphosphate (ATP), used as a source of chemical energy.

Lysosomes

Organelles in cells containing enzymes responsible for breaking down waste material and cellular debris.

Nucleoplasm

The semi-fluid substance within the nucleus of a cell, containing the nuclear matrix, nucleolus, and chromatin, supporting and facilitating nuclear processes such as DNA replication.