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.

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Definitions:

NuvaRing

A hormonal contraceptive device worn inside the vagina that releases estrogen and progestin to prevent ovulation and pregnancy.

Barrier Method

A type of contraception that physically blocks sperm from entering the uterus, examples include condoms and diaphragms.

Female Condom

A barrier contraceptive device worn inside the vagina to prevent sperm from reaching an egg and protect against sexually transmitted infections.

Support Products

Items or services that supplement the main products or services of a company, enhancing the value of their primary offerings.