From Scenario B,based on Jack's analysis of the competitive environment,it can be inferred that:
A) the customers will face switching costs.
B) there are no competitors.
C) there are many substitutes.
D) there are no barriers to entry.
E) the threat of new entrants is high.

Question

Quizplus · Accepted Answer

Jack's analysis suggests that there are many substitutes in the competitive environment. This means that customers have many options to choose from, and may not face switching costs. The presence of substitutes can be a threat to existing businesses as it increases the competition in the market.

From Scenario B,based on Jack's Analysis of the Competitive Environment,it