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:

Sampling Methods

Techniques used to select a portion of a population for study, aimed at making inferences about the entire population.

Representative

An individual who acts on behalf of another person(s), typically in a legislative or decision-making capacity.

Ethnographic Study

In-depth study of a culture, which uses a combination of methods including participant observation.

Culture

A society’s or group’s total way of life, including customs, traditions, beliefs, values, language, and physical products—all learned behavior, passed on from parents to children.