________ is high in an industry when alternative products that offer attractive savings are available.
A)The power of suppliers
B)The threat of substitutes
C)Network effects
D)The switching cost

Question

Quizplus · Accepted Answer

The threat of substitutes refers to the availability of alternative products that can offer attractive savings to customers. When there are many substitutes available in the market, the industry's competitiveness increases, and customers can switch to other alternatives easily, which decreases the industry's power.

________ Is High in an Industry When Alternative Products That