Porter's Five Forces Included the Bargaining Power of Customers and Suppliers

question 110

Short Answer

Porter's five forces included the bargaining power of customers and suppliers, the threat of new entrants, competition among rivals, and ____________.

Recognize primary and secondary sources of tax authority.

Determine eligibility criteria for filing Form 1040EZ.

Calculate basic tax liability and understand the factors affecting it.

Understand the procedural aspects of tax law and administrative bodies involved.

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Definitions:

Contribution Margin

The amount by which sales revenue exceeds variable costs. It represents the portion of sales that helps to cover fixed costs.

Bottleneck Hour

The time period in a production process where the flow is constricted due to limitations in capacity or resources, causing delays.

Variable Cost Method

An accounting approach where variable costs are expensed as incurred and fixed costs are systematically allocated over time, typically used in costing and decision-making.

Cost-Plus Approach

A pricing strategy where the selling price is determined by adding a specific markup to a product's cost.