Jorge is considering what to give his wife for their wedding anniversary. He is choosing between flowers, dinner at a restaurant, a weekend at a resort hotel, skydiving together, or a visit to her favorite museum. Based on Jorge's consideration of these options for a gift, Jorge considers them to be:
A) complements.
B) the same product.
C) substitute products.
D) potential new entrants.
Correct Answer:
Verified
Q29: Malia's auto repair shop faces the threat
Q30: Barriers to entry _ existing businesses _.
A)protect;
Q31: In the long run, the strength of
Q32: In the long run, the number of
Q33: If more acceptable substitutes are available for
Q35: When a seller considers the threat of
Q36: How does the threat of potential substitutes
Q37: Potential substitutes for a given product:
A)are always
Q38: The threat of potential substitutes is larger
Q39: The threat of potential substitutes is high
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