Business Studies · Porter's Five Forces
A high threat of substitutes in an industry implies that:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Buyers lack adequate product information
- 2Barriers to entry are extremely high
- 3Switching costs are low and alternatives are attractive✓
- 4Customers are highly loyal to current products
Correct answer
Switching costs are low and alternatives are attractive
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