As Word Processing on Personal Computers Expanded, Sales of Typewriters

question 144

Multiple Choice

As word processing on personal computers expanded, sales of typewriters began to disappear.Which of Porter's competitive forces does this event demonstrate?

• A)the threat of competition from new entrants
• B)bargaining power of suppliers
• C)bargaining power of buyers
• D)competition from substitute goods or services

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Definitions:

Variable Interest Entity

A legal entity in which an investor holds a controlling interest that is not based on the majority of voting rights but on contractual or other financial arrangements.

Consolidated Statement of Cash Flows

A financial statement that provides aggregate data regarding all cash inflows and outflows from both operating and investing activities of the parent company and its subsidiaries.

Investment Account

An account held by an individual or entity with a financial institution, primarily used for holding and trading securities, stocks, bonds, and other investments.

Percent Ownership

The proportion of a company's shares owned by an individual or entity, often expressed as a percentage of the total shares outstanding.