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Differentiate between unattractive and attractive competitive environments using Porter's model of competitive environment, and give an example for each situation.
Inflation
The pace at which overall prices for products and services increase, diminishing the value of money as time passes.
Demand Deposit
A deposit in a commercial bank or other financial intermediary against which checks may be written.
NOW Account
A type of bank account that offers the benefits of a savings account with the convenience of a checking account, allowing for interest to be earned on deposited funds.
Corporate Stock
Shares representing ownership in a corporation, giving shareholders a claim on part of the company's assets and earnings.
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