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GrogVix [38]
1 year ago
12

The airlines sold fewer tickets to business travelers during the "Great Recession" due to more companies using video conferencin

g software to save money. According to the five forces model, this type of threat is called the
Business
1 answer:
Ira Lisetskai [31]1 year ago
7 0

According to the five forces model, this type of threat is called the threat of substitute products.

<h3>What are the five forces model?
</h3>

The five forces model is used to analyse the competitiveness among firms in an industry. They are also referred to as the Porter's five forces.

One of the five forces is the threat of substitute products. If there are little or no substitutes for the goods produced by other companies, the greater the power the firms possesses.  Video conferencing is an alternative to physical meetings.

To learn more about the porter’s five forces, please check: brainly.com/question/26828741

#SPJ1

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Answer:

Falling demand

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Falling demand refers to a situation where the sales volume of a good or service is on a continuous decline compared to the previous seasons. Consumers are no longer finding that particular product or service appealing to buy. Falling or declining is also referred to as faltering demand.

The introduction of a similar product by competitors at a lower price may lead to a decline in demand for the existing goods. Customers will prefer the new cheaper product. As a result, the more expensive and old product will experience falling demand.

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