In Supplying Video Game Systems,the Suppliers of Consoles Are No

question 43

True/False

In supplying video game systems,the suppliers of consoles are no longer in such a strong position to appropriate the major profits because of increasingly intense competition among the three of them (Sony,Microsoft and Nintendo),and the growing size and power of the suppliers of video games.

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Definitions:

Net Income

The net financial gain or deficit for a company following the calculation of all income and outgoings.

Operating Expenses

Expenditures that a business incurs as a result of performing its normal business operations.

Rent Revenue

Income earned from leasing out properties or equipment.

Cost of Goods Available

The total inventory cost of goods that a company has available for sale at the beginning of an accounting period, including purchases made during the period.