To Determine How Strong the Threat of Substitutes Will Be

question 43

Multiple Choice

To determine 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) All of these.

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Definitions:

Linkage Components

Various mechanical parts that connect together to transmit motion in order to perform a specific task.

Tie-rods

Components in a vehicle's steering system that help transfer the movement from the steering rack or center link to the steering knuckle, thus making the wheels turn.

Power Steering Hoses

High-pressure hoses that convey hydraulic fluid between the power steering pump and the steering gear to assist in vehicle steering.

Pressurized Fluid

Fluid under greater pressure than the surrounding environment, often used in hydraulic systems to transmit power.