According to Porter,when There Are Many Alternative Products or Services

question 125

Multiple Choice

According to Porter,when there are many alternative products or services to the ones your business provides:

• A)threat of substitute products or services is high.
• B)supplier power is high.
• C)buyer power is low.
• D)threat of substitute products or services is low.

---

Definitions:

Secondary Appraisal

The phase in the stress response where an individual evaluates their resources and ability to cope with an impending threat or challenge.

Stages of Change Model

A theoretical model describing the phases individuals go through in altering behavior, including precontemplation, contemplation, preparation, action, and maintenance.

Theoretical Model

A systematic representation of an idea or concept that explains phenomena and predicts future outcomes.

Major Criticisms

Substantial or significant objections or disapprovals voiced against ideas, actions, or entities.