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:

Dark Side

Aspects of something that are negative, harmful, or undesirable, often hidden or overlooked.

Consumer Behaviour

Delving into the processes by which individuals, groups, or businesses select, secure, utilize, and rid themselves of products, services, experiences, or ideas to cater to their needs, and assessing how these processes impact both the end users and the society at large.

Consumption Addiction

A behavioral condition where an individual becomes excessively preoccupied with purchasing and using goods or services.

Gambling

The act of wagering something of value on an event with an uncertain outcome, often involving risk in hope of gaining something of greater value.