How Can a Company Reduce the Threat of Substitute Products

question 212

Multiple Choice

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

• A)Market the product to less than ten 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.

Comprehend the principles of managing through supporting, empowering, and coaching rather than controlling.

Know the impact of job satisfaction on employee behavior and organizational outcomes.

Understand the systemic nature of organizations and the critical role of stakeholders in organizational success.

Understand the changing composition of the labor force and the increasing diversity within it.

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Definitions:

SNCC

The Student Nonviolent Coordinating Committee, a key organization in the American civil rights movement of the 1960s, known for its youth-led activism, sit-ins, and freedom rides.

COFO-led

Led by the Council of Federated Organizations, a coalition of major civil rights groups in Mississippi during the 1960s.

Freedom Summer

A volunteer campaign in the United States launched in June 1964 to attempt to register as many African American voters as possible in Mississippi.

Militant

Characterized by a vigorous and sometimes aggressive activism in support of a political or social cause.