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

question 149

Multiple Choice

According to Porter, when there are many alternative products or services to the ones your business provides, the _____ is high.

• A) Threat of substitute products or services
• B) Buyer and supplier power
• C) Financial power
• D) Threat of increase products, services, and power amongst all players and finances

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Definitions:

Ego-Defensive Function

A mechanism in Freudian psychology where an individual’s ego protects itself against social anxieties, threats, or inferior feelings by constructing defenses or excuses.

Katz

Refers generally to theories or concepts developed by Daniel Katz regarding attitudes and motivation in organizational settings.

Lifestyle Analyses

The study of consumers' buying habits and preferences, often used in market research to categorize consumers into different segments based on their lifestyle choices.

Value-Expressive Function

The role of beliefs, purchases, or behaviors in expressing an individual's values, self-concept, and social identity.