Substitutes Are Considered to Be Products

question 38

Multiple Choice

Substitutes are considered to be products

• A) from inside the industry that meet the same need
• B) are the product and service offerings of competitors
• C) from outside the industry that meet the same need
• D) that are better than the product and service offerings of competitors

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Definitions:

Sociocultural Theorists

Experts who examine how cultural context influences individual behavior, beliefs, and development, focusing on the role of social interaction and cultural norms.

Eros

In Freudian psychology, the life instinct innate in all humans that drives individuals to seek pleasure and create life.

Instinct

Involving an inherited disposition to activate specific behavior patterns that enable an organism to reach specific goals.

Preserve Life

The act or practice of maintaining or sustaining life, typically in the context of health and survival.