Limited number of substitutes (Life insurance industry)
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A limited number of substitutes mean that customers cannot easily find other products or services that fulfil their needs. Limited substitutes are a positive for Life insurance industry. … "Limited number of substitutes (Life insurance industry)" has a significant impact, so an analyst should put more weight into it. This statements will have a short-term positive impact on this entity, which adds to its value. This qualitative factor will lead to a decrease in costs. "Limited number of substitutes (Life insurance industry)" will have a long-term negative impact on this entity, which subtracts from the entity's value. |
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Threat of Substitutes: Limited number of substitutes (Life insurance industry)
A limited number of substitutes mean that customers cannot easily find other products or services that fulfil their needs. Limited substitutes are a positive for Life insurance industry.
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