What is threat of substitute products or services?

A. High when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market.
B. The suppliers' ability to influence the prices they charge for supplies (including materials, labor, and services).
C. High when there are many alternatives to a product or service and low when there are few alternatives from which to choose.
D. The ability of buyers to affect the price they must pay for an item.


Answer: C

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Indicate whether the statement is true or false

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Business