In Which of the Following Instances Are Industry Members NOT

question 97

Multiple Choice

In which of the following instances are industry members NOT subject to stronger competitive pressures from substitute products?

• A) The costs to buyers of switching over to the substitutes are low.
• B) Buyers are dubious about using substitutes.
• C) The quality and performance of the substitutes is well-matched to what buyers need to meet their requirements.
• D) Buyer brand loyalty is weak.
• E) Substitutes are readily available at competitive prices.

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Definitions:

Drugstores

Retail establishments that sell medications and other health-related products.

Service Retailer

is a type of retailer that primarily sells services rather than tangible products, such as salons, repair shops, and fitness centers.

Oil Change

A routine maintenance service for vehicles involving the replacement of the engine's oil and oil filter to ensure proper engine function.

Off-price Retailers

Stores that sell brand name and designer merchandise at lower prices than traditional retail outlets by taking advantage of overstock, last season's products, or bulk buying.