The Most Powerful and Widely Used Conceptual Tool for Diagnosing

question 55

Multiple Choice

The most powerful and widely used conceptual tool for diagnosing the principal competitive pressures in a market is

• A)the five forces framework.
• B)PESTEL.
• C)the driving forces model.
• D)strategic group mapping.
• E)SWOT analysis.

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Definitions:

Credit Sales

Transactions where goods or services are provided to a customer with the agreement that payment will be made at a later date.

Direct Labor

The labor costs directly associated with the production of goods, such as wages for assembly line workers.

Cash Receipts

Represents the money received by a company from its operational activities, usually documented during the accounting period when they are received.

Cash Disbursements

The process of paying out money from a business or organization, typically for expenses or obligations.