Examlex

Solved

According to Michael Porter, Five Competitive Forces Create Vital Opportunities

question 54

True/False

According to Michael Porter, five competitive forces create vital opportunities and threats to organizations: 1) new entrants, 2) substitute products or services, 3) bargaining power of suppliers, 4) bargaining power of buyers, and 5) rivalry among existing firms.


Definitions:

Owner's Equity

Indicates the total net worth of a company attributable to the owner or shareholders, reflecting the equity capital and retained earnings.

Notes Payable

A written promise to pay a specific sum of money to a person or entity at a future date, categorized as a liability on the balance sheet.

Accrued Interest Payable

Interest that has been incurred but not yet paid, typically appearing on the balance sheet as a liability.

Next Period

Refers to the forthcoming time frame in accounting or business planning, usually the next month, quarter, or fiscal year.

Related Questions