In Which of the Following Instances Are Industry Members Not

question 52

Multiple Choice

In which of the following instances are industry members not subject to stronger competitive pressures from substitute products?

• A) The costs to buyers of switching over to the substitutes are low.
• B) Buyers are dubious about using substitutes.
• C) The quality and performance of the substitutes is well matched to what buyers need to meet their requirements.
• D) Buyer brand loyalty is weak.
• E) Substitutes are readily available at competitive prices.

---

Definitions:

Social Entrepreneurship

The practice of identifying and engaging in innovative business models and strategies to address social problems and contribute to social change.

Inherent Goodness

The fundamental quality of being good or possessing positive moral values naturally.

CSR

Corporate Social Responsibility; a business model where companies integrate social and environmental concerns in their operations and interactions with stakeholders.

Venture Philanthropy

Investing in social or environmental causes using strategies akin to those in venture capital, aiming for both societal impact and financial return, with a focus on innovation and sustainability.