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In a short essay,describe and discuss the five competitive forces,according to Michael Porter,that determine industry attractiveness and profitability.In discussing these forces,be sure to identify specific factors that determine the strength of each force.
Discount
A reduction from the usual cost of something, typically provided to incentivize purchase or reward customers.
Effective Interest Method
A method of calculating the amortized cost of a bond and of allocating interest expense over the bond's life, based on the bond's yield at issuance.
Premium on Bonds Payable
The amount by which a bond's selling price exceeds its face value, reflecting higher-than-market interest rates.
Interest Payable
A liability account on a company's balance sheet representing the amount of interest expense that has been incurred but not yet paid as of the reporting date.
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