Should Other Firms,such as Apple or Toshiba,decide to Develop and Sell

question 10

Multiple Choice

Should other firms,such as Apple or Toshiba,decide to develop and sell a laptop-tablet hybrid to compete with the one being developed by Intel,this best describes which of the five competitive forces?

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

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Definitions:

National Income

The total money earned within a country from economic activities in a specific period, typically a year.

Profits

The financial gain realized when the revenue generated from business activities exceeds the expenses, costs, and taxes needed to sustain the operation.

Economic Rents

Earnings in excess of the minimum amount required to keep a resource in its current use, often due to scarcity or monopolistic control.

Accrue

The accumulation or increase of something over time, especially payments or benefits.