A Substitute Poses a Greater Threat When It ________

question 19

Multiple Choice

A substitute poses a greater threat when it ________.

• A)operates in a different market in comparison with the focal product
• B)has a similar nature to the focal product but operates in a different target market
• C)provides the same focal product or service through different means
• D)does not directly impact the profitability of another product or service

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Definitions:

Education

The process of receiving or giving systematic instruction, especially at a school or university.

Freedom To Experiment

Allowing individuals or teams to try new methods, approaches, or ideas without fear of immediate repercussions, encouraging innovation and learning from failure.

Larger Organizations

Refers to corporations or entities that operate on a significant scale, often with extensive human and capital resources.

Less To Lose

A situation where an individual or organization has fewer resources or assets at risk, potentially making them more willing to take chances.