Solved: By placing a ceiling on prices it can charge substitute, Business Management

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By placing a ceiling on prices it can charge substitute

Substitute products

By placing a ceiling on prices it can charge, substitute products or services limit the potential of an industry. Unless it can upgrade the quality of the product or differentiate it somehow (as via marketing), the industry will suffer in earnings and possibly in growth.

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Business Management: By placing a ceiling on prices it can charge substitute

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