In Which of the Following Instances Are Industry Members NOT

question 97

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 is 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:

Non-Dominant Group

A social or ethnic group that does not hold a large amount of power or influence in a society compared to the dominant or majority groups.

Poverty Line

An officially determined threshold of income that is considered the minimum necessary to maintain an adequate standard of living in a given country.

Social Identity

The part of a person’s identity that is determined by attributes and characteristics of groups the person aligns themselves with.

Cyberbullying

The use of digital technology, such as the Internet and mobile phones, to harass, threaten, or intimidate someone.