The threat from substitutes is low when:
A) switching costs are low
B) the substitute product's price is higher than the industry product's price
C) the quality of the substitute product is better than the quality of the industry's product
D) the substitute product stimulates new process innovations within the industry
Correct Answer:
Verified
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Q22: The sociocultural segment of an environmental analysis
Q23: Switching costs are the:
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A)ability
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