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Jan 30, 2024 · What is the Threat of Substitution? Questions to ask. Is it easy for consumers to switch to another product/service? What are the major substitute products? What are the trends …
Which of the following is likely to be of greatest help to your company if you operate in an industry with many available substitutes to your product or service? Apply Porter's 5 forces model to …
Dec 14, 2020 · You should always look out for the most dangerous substitutes, which are becoming cheaper compared to their performance and earning higher returns on capital than your industry.
Jul 16, 2025 · A customer loyalty program using artificial intelligence is likely the most effective option for a company facing many substitutes, as it helps enhance retention and differentiates …
Sep 18, 2019 · The threat of a substitute is the level of risk that a company faces from replacement by its substitutes. For more generic, undifferentiated products the threat is always higher that …
If you have many competitors, and they offer equally attractive products and services, then you'll most likely have little power in the situation, because suppliers and buyers will go elsewhere if …
Suppose you work for a company that has selected a Differentiation strategy to build and maintain a competitive edge in the market. Your IT department is considering a handful of projects that …
Which of the following is likely to be of greatest help to your company if you operate in an industry with many available substitutes to your product or service? Finding and vetting more suppliers …
Threat of substitutes (from Porter’s Five Forces) occurs when companies in one industry are forced to compete with industries producing substitute products or services.
May 23, 2024 · Porter explained that the threat of substitutes occurs when a business organization in a particular industry is compelled to compete with other industries producing goods or …
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