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_____ Take the Current Industry Structure and Its Future Evolution

question 20

Multiple Choice

_____ take the current industry structure and its future evolution as givens and choose where to compete.


Definitions:

Substitute Product

A product or good that a consumer can use in place of another.

Substitutes

Products or services that can be used in place of each other.

Substitutes

Products or services that can be used in place of one another, where an increase in the price of one leads to an increased demand for the other.

Complements

Goods or services that are used together, where an increase in the consumption of one leads to an increase in the consumption of the other.

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