Asked by Katelyn Smith on Jul 20, 2024
Verified
The music and newspaper industries were hurt primarily by _________.
A) buyer power
B) supplier power
C) threat of new entrants
D) threat of substitutes
Threat of Substitutes
The pressure a company or product faces from alternative products or services that can perform similar functions, potentially reducing demand for the original.
Music Industry
The sector of the economy that is responsible for the production, distribution, and promotion of music and its related products and services.
Newspaper Industry
The sector of the economy involved in the production and distribution of daily or weekly publications containing news, information, and advertising.
- Recognize the impact that alternative products or services have on determining the threat levels within an industry.
Verified Answer
Learning Objectives
- Recognize the impact that alternative products or services have on determining the threat levels within an industry.
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