n NISM Certifications
XV NISM Series XV
Medium

When is the threat of substitutes in an industry considered very high?

Practice question from NISM XV Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    When substitutes offer better quality

  2. B

    When substitutes are available at a better price

  3. C

    When substitutes provide greater convenience

  4. All of the above

    Correct answer

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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NISM XV Mock Test 6