What significant competitive force is challenging the publishing industry?
A) positioning and rivalry among competitors
B) low cost of entry
C) substitute products or services
D) customer's bargaining power

Question

Quizplus · Accepted Answer

Substitutes such as e-books, audiobooks, and online reading platforms have emerged and gained popularity, posing a significant competitive force for the publishing industry. Customers now have more options and alternatives to traditional print books, affecting demand and sales for traditional publishers.

What Significant Competitive Force Is Challenging the Publishing Industry