If There Are _____ Substitutes for an Organization's Products or Services

question 60

Multiple Choice

If there are _____ substitutes for an organization's products or services, then the threat of substitutes is _____.

• A) many, high
• B) few, low
• C) few, high
• D) many, low
• E) few, negligible

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Definitions:

Exaggerated Claims

Statements made about a product or service that go beyond the truth or realistic expectations, often used in promotional materials.

Technical Specifications

Detailed information and criteria about the technical aspects of a product, explaining its design, features, and performance.

Ethical Standpoint

A perspective or position from which moral decisions are made, often based on a set of moral principles or values.

Vocational Technology

Educational training programs that focus on the skills required for specific trades or careers.