The Most Powerful of the Five Competitive Forces Is Usually

question 81

Multiple Choice

The most powerful of the five competitive forces is usually the

• A) competitive pressures that stem from the ready availability of attractively priced substitute products.
• B) competitive pressures associated with rivalry among competing sellers in the industry for buyer patronage.
• C) benefits that emerge from close collaboration with suppliers and the competitive pressures that such collaboration creates.
• D) competitive pressures associated with the potential entry of new competitors.
• E) bargaining power and leverage that large customers are able to exercise.

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Definitions:

Period's End Assets

The total value of all assets that a company owns at the end of a given financial reporting period.

Patent

A form of intellectual property that gives its holder the legal right to exclude others from making, using, or selling an invention for a limited period of time in exchange for publishing an enabling public disclosure of the invention.

Discovery

Discovery in a general context refers to the process of uncovering or finding something new. In a legal context, it refers to the pre-trial phase in a lawsuit where parties can obtain evidence from one another.

Intellectual Property

encompasses creations of the mind, such as inventions, literary and artistic works, designs, symbols, names, and images used in commerce.