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:

Tiny Task

A very small or minor job, duty, or responsibility.

Immediate Reward

A benefit or compensation received soon after a particular action is taken, serving as immediate gratification for that action.

Procrastinated

Delayed or postponed actions or decisions, often as a result of anxiety, fear of failure, or perfectionism.

Task

A piece of work to be done or undertaken.