Solved

Businesses Use Porter's Five Forces to Determine How Well Companies

Question 17

Multiple Choice

Businesses use Porter's Five Forces to determine how well companies will be able to generate a profit. To create and implement a successful strategic route, companies will take the five forces into consideration. Which of the following is a good representation of the threat of substitutes?


A) A furniture store is worried about losing customers to a competitor because the competitor offers more favorable credit terms than they can offer.
B) A local Italian restaurant is concerned about the trend of delivery-based meal kits.
C) A local Thai food restaurant is concerned about a Thai food truck that services the same area.
D) A veterinary office is concerned about a local pet store that sells puppies.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents