The Last Stage of a Hypercompetitive Industry Is Reached When

question 50

Multiple Choice

The last stage of a hypercompetitive industry is reached when the remaining large global competitors

• A) raise entry barriers.
• B) move into untapped markets.
• C) attack the strongholds of other firms.
• D) compete on cost and quality.
• E) work their way to a situation of perfect competition in which no one has any advantage and profits are minimal.

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Definitions:

Indebtedness Guarantees

Commitments made by one party to assume responsibility for the debt obligation of another party if that party fails to make payment.

Noncollectibility Receivables

Accounts receivable that are considered unlikely to be collected by a business.

Gain Contingencies

Possible gains or income that a business might receive, contingent upon future events that can't be predicted with certainty.

Footnotes

Supplementary notes at the bottom of financial statements providing additional detail about data or items on the statements.