A competitor develops an alternative type of vacuum cleaner to one produced by your organization.

CIPS L4M6 Question Answer

A competitor develops an alternative type of vacuum cleaner to one produced by your organization. Is this an example of the threat of substitutes, one of the five forces of competition described by competitive forces theory?

Yes, customers may switch to alternative products

Yes, there are no barriers to entry; it is an oligopoly

No, it does not serve the same purpose

No, it is a threat from a new entrant to the market

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CIPS L4M6 Summary

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Product: L4M6
Update on: Jul 30, 2025
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A competitor develops an alternative type of vacuum cleaner to one produced by your organization.

The Answer Is:

Explanation:

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