MODULE 46 QUIZ INTRODUCTION TO INDUSTRY AND COMPANY QUESTIONS AND ANSWERS + RATIONALES 2, Quizzes of Industrial management

MODULE 46 QUIZ INTRODUCTION TO INDUSTRY AND COMPANY QUESTIONS AND ANSWERS + RATIONALES 2025 The threat of substitutes is most likely to be low for a firm that: A) operates in a fragmented market with little unused capacity. B) produces a differentiated product with high switching costs. C) produces a commodity product in an industry with significant unused capacity. - ANS-✔✔B) produces a differentiated product with high switching costs. The threat of competition from substitute products is likely to be low for a firm that produces a differentiated product with high switching costs. Unused capacity and low industry concentration (a fragmented