How Can a Company Reduce the Threat of Substitute Products

question 3

Multiple Choice

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

• A) Market the product to fewer than 10 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:

Angle of Repose

The sharpest incline at which a specifically loose material remains stable without collapsing.

Talus Slope

A steep slope composed of loose rock fragments, that is, talus.

Scoria Cones

Small, steep-sided volcanic cones made of basaltic fragments and ash, typically formed around a single eruptive vent.

Weathered Rock

Rock that has been changed physically or chemically by the action of weather, water, or biological organisms.