Substitutes form:
A) Price floor
B) Price ceiling
C) Industry competitors
D) A group of products that do exactly the same function
E) Troubling issues for most industries
Correct Answer:
Verified
Q19: Who are the firms or individuals that
Q20: Which is not one of the five
Q21: Buyers are strong if all of the
Q22: Suppliers are powerful if:
A) There are low
Q23: The threat of new entrants is high
Q25: Rivalry increases when:
A) The number of competitors
Q26: The higher the _ the more likely
Q27: Organized labor would be considered in Porter's
Q28: What is a substitute product?
A) A product
Q29: Strategic groups are:
A) Firms from substitute industries
B)
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