During the recession many people chose to eat at home more often to save money.For restaurants this is ____.
A) the power of suppliers.
B) a threat of increased regulation.
C) a competitive rivalry.
D) a competitive advantage.
E) a threat of substitute products.

Question

Quizplus · Accepted Answer

This scenario describes a threat of substitute products for restaurants, as people choosing to eat at home instead of dining out represents a substitution behavior, impacting the demand for restaurant services.

During the Recession Many People Chose to Eat at Home