The best example which illustrates the competitive force of substitute products is _______.

Question

Quizplus · Accepted Answer

Substitute products are those that can serve as replacements for each other, fulfilling the same need or want but not necessarily being direct competitors within the same industry. Kroger Grocery Store and Dairy Queen serve as substitutes because consumers can choose to buy food at a grocery store instead of eating out at a fast-food chain, even though they operate in slightly different sectors (retail vs. fast food). The other options (A, C, D, E) represent direct competitors within the same industry, not substitutes.

The Best Example Which Illustrates the Competitive Force of Substitute