Michael Porter's Five Competitive Forces Include Which One of the Following

question 28

Multiple Choice

Michael Porter's five competitive forces include which one of the following:

• A)Global competition
• B)Intensity of demand by customers.
• C)Bargaining power of competitors.
• D)Intensity of rivalry among competitors.
• E)None of the above.

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Definitions:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed during the next 12 months or within the business's normal operating cycle if longer.

Prepaid Insurance

A current asset account that represents the amount of insurance premiums paid in advance for coverage extending beyond the current accounting period.

Accounts Payable

Amounts a company owes because it purchased goods or services on credit from a supplier or vendor.

Accounts Receivable

Money owed to a business by its customers for goods or services delivered but not yet paid for.