Question

3. Threat of substitute products comes from ____________. A. other companies in the same industry B. foreign companies which can use cheap labor in their countries C. firms in other industries that produce products or services that satisfy the same customer need D. new companies in the same industry

Answer 1

Answer:

Option C is correct.

Explanation:

Substitute products are products that can be used in place of each other.

For example: Butter and margarine are substitute products.

Threat of substitute products comes from firms in other industries that produce products or services that satisfy the same customer need.

Option C is correct.