Question

The competitive forces by Michael Porter, talk about high substitute products in a market when:

• A. Customers have many choices
• B. Customers are very price sensitive
• C. Competition is very intense
• D. Switching costs are high for customers
• E. Both a) and c)
• F. None of the above is correct

Answer 1

The correct option is F

None of the above is correct

Explanation: Porter’s five forces framework is a strategy for breaking down the competition of a business. It draws from modern association’s economic matters to infer five forces that decide the competitive force and, in this manner, the attractiveness of the industry as far as its profitability goes.

Option (F) is correct.