According to Porter, when there are many alternative products or services to the ones your business provides, the _____ is high.
A) Threat of substitute products or services
B) Buyer and supplier power
C) Financial power
D) Threat of increase products, services, and power amongst all players and finances

Question

Quizplus · Accepted Answer

The threat of substitute products or services is high when there are many alternative products or services to the ones your business provides. This is because customers have several options to choose from, reducing the demand for your product or service.

According to Porter, When There Are Many Alternative Products or Services