Which of the following best describes a situation where there is a high potential for substitutes?
A) the unique and highly valued flavor, including the taste and texture, of Godiva chocolates
B) the superior after-sales service offered by Toyota to customers of its Lexus brand of automobiles
C) Consumers can choose between soda, water, iced tea and many other options to quench their thirst.
D) Windows software is used by a wide variety of customers, from household users to giant industries.

Question

Quizplus · Accepted Answer

When consumers have many options or substitutes to choose from, there is a high potential for substitutes. In this case, consumers can choose between soda, water, iced tea, and many other options to quench their thirst.

Which of the Following Best Describes a Situation Where There