Which of the Following Is One of the Five Industry

question 83

Multiple Choice

Which of the following is one of the five industry forces identified by Harvard professor Michael Porter?

• A) The threat of planned obsolescence
• B) The threat of new entrants
• C) The threat of competitive inertia
• D) The threat of strategic dissonance

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Definitions:

Capital Balances

The amount of money that owners have invested in a company plus retained earnings or minus any losses.

Admission

The process or fee associated with being allowed entry into a place, organization, or institution.

Interest Allowance

An amount that reduces the gross interest income earned, related to the cost of borrowing or credit facilities.

Income Summary

An account used in the closing process during accounting that accumulates revenues and expenses to determine net income or loss.