Question: Question 2 7 According to Porter's Five Forces, what does the threat of substitute suggest? The risk of suppliers changing their manufacturing process The likelihood
Question
According to Porter's Five Forces, what does the "threat of substitute" suggest?
The risk of suppliers changing their manufacturing process
The likelihood that alternative products could satisfy similar customer needs
The potential for customers to develop their own products
The possibility of changes in consumer preferences
The threat that existing products will become obsolete
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