As a Rule, the Collective Impact of Competitive Pressures Associated

question 90

Multiple Choice

As a rule, the collective impact of competitive pressures associated with the five competitive forces

• A)determines the strength of the industry's driving forces.
• B)determines the extent of the competitive pressure on industry profitability.
• C)means that fewer companies can achieve a competitive advantage via anything other than being the industry's low-cost leader.
• D)means there will be a larger number of competitive advantage opportunities for industry members.
• E)means there will be a greater number of industry key success factors.

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Definitions:

Perpetual Inventory System

An inventory accounting system that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.

Statement Of Financial Position

A balance sheet is a financial statement that outlines a company's equity, liabilities, and assets at a certain date.

Inventory

Goods and materials that a business holds for the ultimate goal of resale or processing.

Sales Discounts

Reductions in price given by a seller to a buyer, often to prompt early payment or reward customer loyalty.