Which of the Following Competitive Forces Is Not One of the Five

question 88

Multiple Choice

Which of the following competitive forces is not one of the five mentioned in this chapter?

• A)Threat of market entry by new competitors
• B)Threat of substitute goods
• C)Bargaining power of customers
• D)Intensity of rivalry among competitors

---

Definitions:

Formed Corporation

A business entity that is legally created and registered under state law, offering liability protection to its owners.

Transaction

An agreement or exchange between two parties involving goods, services, or financial assets.

Schedule L

Used to provide additional details on financial status or transactions not captured in the main tax form; no longer in general use for most taxpayers.

Accounting Method

The systematic approach to recording and reporting financial transactions for a business, determining how income and expenses are recorded and recognized.