Multiple Choice
Which of the following is TRUE if the threat from a substitute is strong?
A) Customers are likely to switch to competitors' products.
B) Competitors' products are of a lower quality.
C) Competitors are yet to overcome the entry barriers.
D) Prices of competitors' products are higher.
Correct Answer:
Verified
Correct Answer:
Verified
Q40: A business with a differentiation strategy will
Q53: The availability of substitutes plays a role
Q54: Margin = Value - Cost
Q55: Porter defined _ as the amount of
Q57: Which of the following is a product
Q59: Which of the following strategies is also
Q60: According to Porter's five forces model, a
Q61: Enhancing existing products and services is a
Q62: Substitutions may not be viable options for
Q63: Value chains exist in service-oriented companies.