Which of the Following Is Not Descriptive of Intense Rivalry

question 52

Multiple Choice

Which of the following is not descriptive of intense rivalry among firms?

• A) slow industry growth
• B) high fixed costs
• C) high exit barriers
• D) few competitors or competitors that are roughly equal in size and power
• E) product offerings that are highly differentiated

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Definitions:

Purchases

Transactions involving the acquisition of goods or services for personal use, resale, or business operations.

Voucher Register

A record or log of vouchers that have been prepared, detailing the authorization of transactions and payments.

Liability

An obligation of the company arising from past transactions or events, the settlement of which may result in the transfer of assets, provision of services, or other yielding of economic benefits in the future.

Accounts Payable

Liabilities representing amounts the company owes to suppliers or creditors for goods and services received but not yet paid for.