Lana is the owner of Leafy Greens, a meal-replacement smoothie store slated to open within the next six months. Lana is in the process of creating her strategic plan and needs to identify her furthest-reaching goals. She knows that this process will take some time to get right and wants to do it properly. Which of the following is an example of a threat of substitutes for Leafy Greens according to Porter's Five Forces?
A) A food truck that will sell smoothies and other items just opened in the area.
B) A meal kit that is available for all meals, including breakfast.
C) A meal kit that is available that allows customers to make fresh salads.
D) A supplier of bananas has decided to offer new credit terms for existing customers.
Correct Answer:
Verified
Q16: Businesses use Porter's Five Forces to determine
Q17: Businesses use Porter's Five Forces to determine
Q18: A company's chosen strategy is the route
Q19: A company's chosen strategy is the route
Q20: Lana is the owner of Leafy Greens,
Q22: Once a business is ready to move
Q23: As a company begins to fine tune
Q24: As a company begins to fine tune
Q25: According to Porter, there are five forces
Q26: According to Porter, there are five forces
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