Videoconferencing has evolved as an alternative for business travelling. This is an example of ________.
A) the threat of substitutes in a market
B) intensification of rivalry among competitors
C) monopolistic competition in markets
D) increased power of the suppliers

Question

Quizplus · Accepted Answer

The evolution of videoconferencing as an alternative for business travelling is an example of the threat of substitutes in the market. It shows how technology has made it possible for people to conduct meetings and conferences without physically travelling, thereby creating a substitute for traditional business travelling.

Videoconferencing Has Evolved as an Alternative for Business Travelling