Which of the following factors would have Jack considered while analyzing the competitive environment?
A) Technology
B) Substitutes
C) Legal factors
D) Economic factors
E) Demographics

Question

Quizplus · Accepted Answer

Substitutes are a key factor to consider while analyzing the competitive environment as they can potentially lure customers away from the product or service being offered. Technology, legal factors, economic factors, and demographics can also impact the competitive environment, but they may not be as directly relevant to the threat of substitutes.

Which of the Following Factors Would Have Jack Considered While