Which of the Following Is NOT Descriptive of Intense Rivalry

question 57

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:

Adjusting Entry

An adjusting entry is a journal entry made in accounting records at the end of an accounting period to allocate income and expenditure to the correct period.

Services Performed

The provision of work or assistance by a business or individual to another party, often measured in terms of time or deliverables completed.

Revenue Recognition Principle

An accounting principle that dictates the specific conditions under which revenue is recognized or accounted for.

Recognized

Officially identified or acknowledged, typically referring to the formal acceptance of financial transactions within accounting records.