Asked by Hunter Stankiewicz on May 28, 2024

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_________ industries experience the greatest threat from substitutes.

A) Information-based
B) Manufacturing
C) Product-based
D) Retail

Substitute Products

Goods or services that can serve as replacements for each other; when the price of one goes up, the demand for the other might increase.

Information-Based

Referring to processes, businesses, or systems that primarily rely on data and information to function or provide value.

Manufacturing

The process of producing goods and products in large quantities through the use of labor, machines, tools, and chemical or biological processing.

  • Understand how different industries face varied threats and opportunities.
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Verified Answer

MZ
milly zhengMay 28, 2024
Final Answer :
A
Explanation :
Information-based industries face the greatest threat from substitutes because information can often be easily replicated or replaced by alternative sources, technologies, or platforms.