Which of the following conditions would lead a company's marketers to find a new market,change prices,or compete in other ways to maintain an advantage?

Question

Quizplus · Accepted Answer

When the threat of substitute products is high, it means that there are other products in the market that can easily replace the company's product. This puts pressure on the company to differentiate its product, change prices, or find a new market in order to maintain an advantage. The other options (low bargaining power of suppliers, low bargaining power of buyers, low threat of new entrants) may also require strategic changes, but they do not necessarily indicate a need for immediate action.

Which of the Following Conditions Would Lead a Company's Marketers