Which of the Following Is True If the Threat from a Substitute

question 49

Multiple Choice

Which of the following is true if the threat from a substitute is strong?

• A)Customers are likely to switch to competitors' products.
• B)Competitors' products are of a lower quality.
• C)Competitors are yet to overcome the entry barriers.
• D)Prices of competitors' products are higher.

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Definitions:

Structure

The arrangement or organization of interrelated elements in a material object or system, often referring to the way parts are positioned and interact within a whole.

Formalization

The extent to which rules, procedures, protocols, and guidelines are written and explicitly enforced within an organization.

Organizational Size

A measure of a company based on factors such as the number of employees, total sales, or market capitalization.

Spans Of Control

Refers to the number of subordinates directly supervised by a manager, affecting the complexity and effectiveness of management.