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According to the Five Competitive Forces Model, which statement(s) about substitutes influencing industry profitability is/are correct? CHOOSE ALL THAT APPLY Question 35Answer a. The price

According to the Five Competitive Forces Model, which statement(s) about substitutes influencing industry profitability is/are correct? CHOOSE ALL THAT APPLY Question 35Answer a. The price that consumers are willing to pay for a product depends, in part, on the availability of substitute products b. The extent to which substitutes suppress the profitability of an industry depends on the propensity for buyers to substitute between alternatives c. The influence of substitutes on industry profitability is primarily determined by government regulations d. Industry profitability remains unaffected by the presence of substitute products

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