The availability of substitutes plays a role in determining the bargaining power of suppliers for industrial clients.
Correct Answer:
Verified
Q21: Surplus of a product serves as an
Q22: Porter defined _ as the amount of
Q23: Which of the following is an example
Q24: Describe Porter's five forces model.
Q25: An organization can choose to either minimize
Q27: The threat of substitution in Porter's model
Q28: An organization responds to the structure of
Q29: A business that selects a differentiation strategy
Q30: A firm introduces a new range of
Q31: Which of the following is TRUE of
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