According to the Five Forces Model, ________ Levels of Competition

question 37

Multiple Choice

According to the five forces model, ________ levels of competition for customers translate to ________ levels of profit in the industry.

• A)greater; lower
• B)greater; higher
• C)lower; lower
• D)lower; equal
• E)greater; equal

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Definitions:

Sales Budget

A financial plan that estimates future sales, either in units or monetary value, over a specific period, aiding management in decision-making and resource allocation.

Cash Balance

The amount of cash or cash equivalents a company or individual holds, reflecting the liquidity available for use.

Total Receipts

The sum of all money received by a company during a specific period, including sales, refunds, investments, and any other income sources.

Financial Budgets

Detailed plans that outline an organization's expected revenues, expenses, and capital expenditures over a particular period.