According to Porter, When There Are Many Alternative Products or Services

question 149

Multiple Choice

According to Porter, when there are many alternative products or services to the ones your business provides, the _____ is high.

• A) Threat of substitute products or services
• B) Buyer and supplier power
• C) Financial power
• D) Threat of increase products, services, and power amongst all players and finances

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Definitions:

Transaction Recorded

The act of documenting a business transaction in the company's accounting records.

Debit

A debit is an accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet, or in the context of personal banking, a withdrawal from an account.

Credit

An accounting entry reflecting an increase in assets or decrease in liabilities on a company's balance sheet or an entry on the right side of an account.

Drawing

In accounting, refers to the withdrawal of cash or goods by the owner from a business for personal use.