Consumers are increasingly showing a preference for fulfilling their product needs via smartphone applications and online shopping. The relative ease of creating a web-based storefront is posing a significant threat to brick-and-mortar retailers and driving many established retailers to close their doors. According to Michael Porter, this is an example of
A) threat of new competitors.
B) supplier power.
C) buyer power.
D) threat of substitutes.
Correct Answer:
Verified
Q133: Blockbuster Video went out of business in
Q134: Michelle, owner of the fitness studio, Cardio
Q135: Procter & Gamble and other consumer products
Q136: Cardio Kick is a fitness studio owned
Q137: The executive officers including the President, Provost,
Q139: According to the Boston Consulting Group, Question
Q140: Craft and micro-breweries have sparked consumer interest
Q141: Single serve beverage makers using a k-pod
Q142: If a company has a business unit
Q143: Caleb is the superintendent of a small
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents