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:

Enthymeme

A rhetorical argument that is comprised of a premise and a conclusion but leaves one premise unstated.

Validity

The characteristic of possessing factual or logical robustness; in the realm of logic, it denotes a situation where true premises inevitably lead to a true conclusion.

Unstated Premise

An implicit assumption that is not explicitly expressed within an argument but is necessary for the argument's conclusion to hold.

Syllogism

A type of logic where a conclusion is reached from two provided or assumed statements (premises); a typical structure in logical reasoning.