Which element of the business model refers to the presence of substitute products in the market?
A) value proposition
B) competitive environment
C) competitive advantage
D) market opportunity

Question

Quizplus · Accepted Answer

The competitive environment refers to the presence of competitors as well as substitute products in the market. The availability and attractiveness of substitute products can greatly impact a company's performance and therefore is an important element to consider in the business model.

Which Element of the Business Model Refers to the Presence