The threat of substitutes is high when alternative products are available.

Name: The threat of substitutes is high when alternative products are available.
Brand: Quizplus
Rating: 4.9 (38 reviews)

Question

Quizplus · Accepted Answer

The statement is true. The threat of substitutes is high when alternative products are easily accessible, affordable, and provide a similar benefit to consumers. This can reduce demand for the original product and potentially lead to lower prices and profits for the original producer.

The Threat of Substitutes Is High When Alternative Products Are