Information-based industries face the greatest threat from substitutes.

Question

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Information-based industries rely heavily on technology and innovation, making it easier for substitutes to emerge rapidly. As communication technology evolves at a fast pace, substitutes such as social media platforms, chatbots, and AI-powered technologies can pose a significant threat to information-based industries, such as newspapers, magazines, and broadcasting companies.

Information-Based Industries Face the Greatest Threat from Substitutes