The Degree to Which Products of One Industry Can Satisfy

question 18

Multiple Choice

The degree to which products of one industry can satisfy the same demand as those of another is called ________.

• A) threat of new entrants
• B) supplier power
• C) complementors
• D) threat of substitutes

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Definitions:

Demographic Characteristics

Statistical aspects of populations, such as age, race, gender, income level, and education, used for analysis and policy-making.

Entrepreneurs

Individuals who start, manage, and take on the risks of a business venture in the hope of turning an idea into a profitable enterprise.

Community Wealth Partners

An organization or initiative focused on creating and implementing strategies that build and sustain wealth within communities, often through social and economic development projects.

Social Entrepreneurship

A form of entrepreneurship that aims to solve social problems or meet community needs through innovative business models.