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

question 16

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:

Intermediate Planning

The process of setting goals and outlining strategies for a middle-range time frame, typically covering 1 to 3 years.

Long-Term Planning

The process of setting goals and outlining strategies for future activities over an extended period, typically beyond five years.

Strategic Planning

The process of defining an organization's direction and making decisions on allocating its resources to pursue this strategy.

Short-Term Planning

The process of organizing immediate goals and objectives, usually spanning a period of less than one year.