Question: Explain how the availability of substitutes affects business strategy. Include an example of a company or industry where many substitutes are available and one where

Explain how the availability of substitutes affects business strategy. Include an example of a company or industry where many substitutes are available and one where few or none are available.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

1.. Why is it better for firms to keep their vision statements customer-oriented rather than productoriented? 2. Who formulates a company's corporate strategy? What is the objective of this strategy?...

Explain how the availability of substitutes affects business strategy. Include an example of a company or an industry in which many substitutes are available and one in which few or none are...

3 pts Question 43 SHORT ANSWER. Explain how the availability of substitutes affects business strategy. Include an example of a company or industry where many substitutes are available and one where...

Case 2 Consumers Take a Shine to Apple, Inc.* Synopsis: Few companies have been able to master the arts of product innovation, a "cool" brand image, and customer evangelism like Apple. After nearly...

Please answer the attached questions from the attached file Cisco Systems, Inc. 2014 Annual Report Annual Report 2014 Letter to Shareholders To Our Shareholders, When we look back on fiscal 2014, we...

After reviewing the PowerPoint on understanding financial statements and ratio analysis, create a narrated PowerPoint illustrating the financial health of your chosen organization. Your presentation...

As countries recover from COVID-19, multinational companies' success and competitiveness will be determined by their ability to manage complexity efficiently and effectively in uncertain times:...

Use artivle for answers to questions, page from book towards bottom for direct quote only. No to be used for questions Regional MattersFebruary 25, 2022Supply and Demand: When Will We See Balance? By...

Whole Foods to Acquire Wild Oats[1] On February 21, 2007, Whole Foods and Wild Oats executed an agreement whereby Whole Foods would purchase all of the outstanding shares of Wild Oats common stock....

Q2. How are Tesla's management resources and organizational capabilities different in the electric vehicle market compared to existing other automakers? And how does it(Tesla's management resources...

Create a method that searches whether an element elt is present in the array using A sequential search. A binary search.

In a year, a worker receives 8 mGy externally from uniform, whole-body y radiation. In addition, she receives an estimated 50-year "committed" doses of 2 mGy from internally deposited alpha particles...

1 6 Multiple Choice 1 pointThe treasury manager of a privately held company is looking to finance new eqMOST LIKELY employ to finance the equipment? Equity sharesO Long - term bondInstallment ferm...

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...