Describe Porter's Five Forces Model

question 33

Essay

Describe Porter's five forces model.

Understand the types and models of e-commerce.

Recognize the structure and function of the Internet, including its communication protocols.

Identify the elements of web navigation and website structure.

Understand online search techniques, including the use of Boolean operators.

---

Definitions:

Salaries Expense

The total amount paid to employees for services rendered over a specific period, recorded as an expense in financial accounting.

Reversing Entries

Journal entries made at the beginning of an accounting period to reverse or cancel out adjusting entries made at the end of the previous accounting period.

Debit Balance

Refers to the balance that remains in a financial account when the total debits exceed the total credits.

Credit Balance

An accounting balance where the sum of credits exceeds the sum of debits in an account, often indicating money owed to the account holder.