What Is NOT One of Michael Porter's Five Competitive Forces

question 72

Multiple Choice

What is NOT one of Michael Porter's five competitive forces?

• A) New entrants
• B) Rivalry among existing firms
• C) Bargaining power of unions
• D) Bargaining power of suppliers
• E) Bargaining power of buyers

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Definitions:

Manufacturing Overhead

All manufacturing costs that are not directly linked to the production of goods, such as maintenance of equipment and factory rent.

Job-Order Costing

An accounting method that tracks costs individually for each job, rather than on a per-unit basis.

T-Accounts

A visual representation of individual accounts in double-entry bookkeeping, showing debits on the left and credits on the right.

Work in Process

Partially finished goods that are in the process of production but are not yet complete.