Which of the following firms would likely pose the least competitive threat?

a. A firm in the same industry and in the same strategic group

b. A firm that produces substitute goods to your product line

c. A competitor to your product where a high switching cost exists

d. A firm in the same industry and in the nearest strategic group looking to join your group

Question

Social Studies

Isabella Lowery

21 July, 19:27

Which of the following firms would likely pose the least competitive threat?

a. A firm in the same industry and in the same strategic group

b. A firm that produces substitute goods to your product line

c. A competitor to your product where a high switching cost exists

d. A firm in the same industry and in the nearest strategic group looking to join your group

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Answers (1)

Know the Answer?

Villanueva · Answer 1

a. A firm in the same industry and in the same strategic group

Explanation:

A firm is said to be a least competitive threat when the rival company produces good and at a price that is lower than your product line or when a company is a competitor with a higher price, market and a product line and threats from the new entrant and the threat of the substance product or services.