Asked by Johanna Lissette Veloz Segarra on May 12, 2024

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

A) high; high
B) high; low
C) low; high
D) low; low

Alternatives

Other options or choices available in a given situation, often considered when the primary option is not viable.

Substitute

An alternative product or service that a consumer can choose over another, often influencing competitiveness and market dynamics.

Threat

Any circumstance or event with the potential to cause harm to a system, organization, individual, or property.

  • Ascertain the influence of substitute goods or services in defining the risk levels faced by industries.
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Verified Answer

JS
JUSTIN SIBLEY-FELSTEADMay 19, 2024
Final Answer :
B
Explanation :
When there are many alternatives to an organization's products or services, the threat of substitutes is high because customers can easily switch to a different product or service. Conversely, if there are few alternatives, the threat is low because customers have fewer options to switch to.