Match an Organization's Activity with the Competitive Force It Has

question 61

Essay

Match an organization's activity with the competitive force it has successfully influenced.
$$\begin{array} { | l | l | } \hline \text { Threat of new entrants } & \begin{array} { l } \text { Walmart's massive, complex inventory } \\\text { control system is hard for others to } \\\text { replicate and gain the same economies of } \\\text { scale. }\end{array} \\\hline \text { Bargaining power of the buyer } & \begin{array} { l } \text { Amazon's One Click ordering systern } \\\text { makes buying online easy, enticing the } \\\text { custorner to return for other purchases. }\end{array} \\\hline \text { Threat of substitute product } & \begin{array} { l } \text { Apple's ability to create new products } \\\text { even at the risk of carnibalizing existing } \\\text { products. }\end{array} \\\hline \text { Bargaining power of suppliers } & \text { Arnazon's purchase of Whole Foods. } \\\hline\end{array}$$

Understand the purpose and process of preparing a trial balance.

Identify the impact of transactions on owner's equity.

Comprehend the concept of double-entry accounting and its implications.

Learn the steps for preparing a trial balance correctly.

---

Definitions:

Prototype

An original model or first form of something from which other forms are copied or developed, often used in the context of design and innovation.

Heuristic

A problem-solving strategy using a practical method or various shortcuts to produce solutions that may not be optimal but are sufficient for reaching immediate goals.

Prototype

An original model or preliminary version of a product from which other forms are developed or copied.

Algorithm

A process or set of rules to be followed in calculations or other problem-solving operations, especially by a computer.