The development of new products that may replace sales of existing products is referred to as the threat of

Name: The development of new products that may replace sales of existing products is referred to as the threat of
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Substitutes refer to products that can potentially replace existing products, posing a threat to their sales. This can include technological advancements that make a product obsolete or the introduction of alternative products that better meet consumer needs.

The Development of New Products That May Replace Sales of Existing