Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In Porter's five forces model, what is meant by the term 'substitute'? O a. A substitute is an alternative firm that provides the same products

image text in transcribed

In Porter's five forces model, what is meant by the term 'substitute'? O a. A substitute is an alternative firm that provides the same products for the consumer O b. A substitute refers to an alternative manufacturing process OC. A substitute is an alternative product or service that performs the same function for the consumer d. A substitute is something else consumers would rather spend their money on O e. A substitute is a rival firm offering the same products

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Value Investing

Authors: Mike Hartley

1st Edition

979-8864443309

More Books

Students also viewed these Finance questions