Asked by Bruce Eugine on Jul 24, 2024

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If there are _________ alternatives to an organization's products or services, then the threat of substitutes is high; if there are _________ alternatives, then the threat is low.

A) few; few
B) few; many
C) many; few
D) many; many

Alternatives

Other options or choices available to businesses or individuals when making decisions, reflecting the diversity of possible approaches or solutions.

Substitute

A person or thing acting in place of another, often used in the context of replacing an original item or role with an alternative.

Threat

A possible danger that might exploit a vulnerability to breach security and cause possible harm to a system or organization.

  • Identify the role of substitute products or services in shaping industry threat levels.
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Verified Answer

MM
Marjan MoghadaJul 27, 2024
Final Answer :
C
Explanation :
When there are many alternatives to an organization's products or services, the threat of substitutes is high because customers have more options to choose from. Conversely, if there are few alternatives, the threat is low because customers have fewer options, making it less likely they will switch to a substitute product.