Abc's efforts are an example of<u> "threats of substitute products or services" </u>in porter's model for industry analysis.
Porter’s threat of substitutes definition is the accessibility of an item that the purchaser can buy rather than the industry’s item. A substitute item is an item from another industry that offers comparative advantages to the shopper as the item created by the organizations inside the business. As indicated by Porter's 5 forces, threat of substitutes shapes the focused structure of an industry.
<span>Making a credit card minimum payment means you are paying a small portion of your total credit card debt. The minimum payment on your credit card is ordinarily set at the more noteworthy of a rate of your adjust, or a money sum, for example, 3%. Added to this will be any enthusiasm due for the month, any charges caused due to a default in installment, and perhaps some portion of the yearly expense if there is one.</span>
When this is formed by nations to advance trade it is referred to as a<u> Free Trade Area. </u>
<h3>What is a free trade area?</h3>
- A zone comprising of several nations where they don't charge each other much customs/ import duties.
- Allows for easier trade.
The purpose of a free trade area is to encourage trade amongst members but it can lead to a few members dominating if they produce more than the other members.
Find out more on free trade areas at brainly.com/question/8515719.
16 minutes ago · Find an answer to your question A _____ is a check that you have written that you cannot pay due to ____.
<span>Price ceilings prevent a price from rising above a certain level.When a price ceiling is set below the equilibrium price, quantity demanded will exceed quantity supplied, and excess demand or shortages will result.Price floors prevent a price from falling below a certain level.When a price floor is set above the equilibrium price, quantity supplied will exceed quantity demanded, and excess supply or surpluses will result.When government laws regulate prices instead of letting market forces determine prices, it is known as price control.</span>
