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Which combination of the statements below are all correct.
(1) Substitute products refer to almost similar other products that have the same ability to meet the needs of customers.
(2) Bargaining power of suppliers refer to the power that the suppliers of products to the company have, to raise the prices of e.g., raw material.
(3) If there is competition for market share in a specific industry, it is referred to as competitive structure.
(4) If pressure is put on prices by competitors in the market, it can cause a threat to the profitability of the company.
(a) Statements (1), (2) and (3)
(b) Statements (1), (2) and (4)
(c) Statements (1), (3) and (4)
(d) Statements (1), (2) (3) and (4)