Determining How Strong the Threat of Substitutes Will Be Entails

question 84

Multiple Choice

Determining how strong the threat of substitutes will be entails

• A)identifying the relative price/performance relationship of the substitutes, the switching costs, and the overall buyer demand for the substitute.
• B)identifying the attractiveness of other industries.
• C)measuring Coke as a substitute for Pepsi and applying dynamic simulation modeling techniques.
• D)adopting a substitute product concentration factor to the buyer volume.
• E)judging whether industry members are capable of self-manufacturing their products.

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Definitions:

Land

The solid part of the earth's surface, considered as property and subject to ownership and use rights.

Future Interest

A person’s present right to property ownership and possession in the future.

Conditional Estate

A form of property ownership that is subject to certain conditions or the occurrence of a specific event.

Mislaid Property

Property that is intentionally placed somewhere but then forgotten by the owner, distinct from lost or abandoned property.