In the Context of Porter's Five Forces Model,customer's Bargaining Power

question 92

Multiple Choice

In the context of Porter's five forces model,customer's bargaining power refers to

• A)a customer's ability to drive product design.
• B)a customer's ability to use a substitute product.
• C)a customer's ability to negotiate better prices.
• D)a customer's ability to take his/her business elsewhere.
• E)all of the above.

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Definitions:

Financial Statement

Reports outlining the financial standing of a business, incorporating the balance sheet, income statement, and cash flow statement.

Permanent/Temporary

Classification of accounts where permanent accounts (real accounts) represent ongoing items that are not closed at the end of the accounting period, whereas temporary accounts (nominal accounts) are closed.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal, ensuring accuracy of the figures.

Post-closing Trial Balance

The trial balance prepared after closing entries have been posted to ensure that debits and credits still balance, marking the end of an accounting period.