When there are many substitutes available for a particular product, consumers:​

When there are many substitutes available for a particular product, consumers:​


a.

​perceive individual products to have poor durability.

b.

​are sensitive to changes in supply of substitute products belonging to new brands.

c.

​judge the quality of the substitute product based on supply of each substitute.

d.

​can easily switch from one product to another.



Answer: d.

​can easily switch from one product to another.


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