________ Is High in an Industry When Alternative Products That

question 88

Multiple Choice

________ is high in an industry when alternative products that offer attractive savings are available.

• A) Market profitability
• B) Threat of substitutes
• C) Network effects
• D) Threat of new entrants

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Definitions:

Ambiguity

A lack of clarity or uncertainty in meaning or intention, often leading to confusion or misunderstanding.

Portrait Painter

An artist who specializes in creating paintings or drawings that depict the likeness of specific individuals.

Assignment

The transfer of rights or responsibilities from one party to another, often seen in the context of contracts.

Delegation

The process of assigning responsibility and authority from one person or group to another person or group.