Just How Strong the Competitive Pressures Are from Substitute Products

question 72

Multiple Choice

Just how strong the competitive pressures are from substitute products depends on

• A) whether the available substitutes are strongly or weakly differentiated and whether buyers make purchases frequently or infrequently.
• B) whether attractively priced substitutes are readily available and the ease with which buyers can switch to substitutes.
• C) whether the available substitutes are products or services.
• D) whether the producers of substitutes have ample budgets for new product R&D.
• E) the speed with which buyer needs and expectations are changing.

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Definitions:

RAM Slot

A physical slot inside a computer where a RAM (Random Access Memory) module is inserted to increase the machine’s memory capacity.

Thin Client

A type of computer that does not have all the ports and components (such as a hard drive) of a traditional PC. It includes basic applications, meets minimum requirements for the selected OS, and has network connectivity.

Thick Client

A computer that can run its applications and perform most tasks independently without needing constant communication with a server.

Minimal Applications

Software applications designed with the minimum necessary features to perform their intended functions, often emphasizing simplicity and efficiency.