The Competitive Pressures from Substitute Products Tend to Be Stronger

Multiple Choice

The competitive pressures from substitute products tend to be stronger when

A) buyers are relatively comfortable with the quality and performance of substitutes,and the costs to buyers of switching over to the substitutes are low.
B) there are more than 10 sellers of substitute products.
C) substitutes exhibit the latest in technological innovation.
D) buyers have high psychic costs in severing existing brand relationships and establishing new ones.
E) demand for the industry's product is not very price sensitive.