Michael Porter Identifies Five Different Threats of Competition for Any

question 56

Multiple Choice

Michael Porter identifies five different threats of competition for any business.Which of the following choices is not one of Michael Porter's five threats?

• A) Rivals
• B) Suppliers
• C) Substitutes
• D) Investors

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Definitions:

Percentage of Completion

A method of accounting for long-term contracts in which income is recognized as a proportion of work completed at certain stages.

Equivalent Units

A concept in cost accounting used to allocate costs to partially completed goods, converting them into the amount of finished goods units they represent.

Conversion Costs

Costs incurred by a company in the process of converting raw materials into finished goods, typically including labor and overhead.

Transferred Units

Refers to items or inventory that have been moved from one location, department, or stage of processing to another within a company.