________ is high in an industry when alternative products that offer attractive savings are available.
A) Market profitability
B) Threat of substitutes
C) Network effects
D) Threat of new entrants

Question

Quizplus · Accepted Answer

The statement is referring to the threat of substitutes, which is the degree to which alternative products or services can satisfy the same consumer needs as the original product. When there are attractive savings offered by these alternatives, the threat of substitutes is high, as consumers may switch to these substitutes instead of the original product.

________ Is High in an Industry When Alternative Products That