Asked by Johanna Lissette Veloz Segarra on May 12, 2024
Verified
If there are many alternatives to an organization's products or services, then the threat of substitutes is _________; if there are few alternatives, then the threat is ______.
A) high; high
B) high; low
C) low; high
D) low; low
Alternatives
Other options or choices available in a given situation, often considered when the primary option is not viable.
Substitute
An alternative product or service that a consumer can choose over another, often influencing competitiveness and market dynamics.
Threat
Any circumstance or event with the potential to cause harm to a system, organization, individual, or property.
- Ascertain the influence of substitute goods or services in defining the risk levels faced by industries.
Verified Answer
Learning Objectives
- Ascertain the influence of substitute goods or services in defining the risk levels faced by industries.
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