Asked by Hunter Stankiewicz on May 28, 2024
Verified
_________ industries experience the greatest threat from substitutes.
A) Information-based
B) Manufacturing
C) Product-based
D) Retail
Substitute Products
Goods or services that can serve as replacements for each other; when the price of one goes up, the demand for the other might increase.
Information-Based
Referring to processes, businesses, or systems that primarily rely on data and information to function or provide value.
Manufacturing
The process of producing goods and products in large quantities through the use of labor, machines, tools, and chemical or biological processing.
- Understand how different industries face varied threats and opportunities.
Verified Answer
Learning Objectives
- Understand how different industries face varied threats and opportunities.
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