Which of the following is NOT descriptive of the threat of substitute products or services?
A) Substitute products appear to be different, but satisfy the same need as another product.
B) If the cost of switching is low, substitutes may have a strong effect on an industry.
C) Identifying substitutes is relatively easy since they look similar.
D) Possible substitute products or services may not appear to be easily substitutable.
E) Substitutes limit the potential returns of an industry.

Question

Quizplus · Accepted Answer

Identifying substitutes may not always be easy since they can come in various forms and may not necessarily look similar to the product or service they are substituting.

Which of the Following Is NOT Descriptive of the Threat