Ask Question
31 January, 07:38

Financial statements are influenced by five important forces that determine a company's competitive intensity: (A) industry competition, (B) buyer power, (C) supplier power, (D) product substitutes, and (E) threat of entry.

+3
Answers (1)
  1. 31 January, 08:54
    0
    Full question:

    Financial statements are influenced by five important forces that determine a company's competitive intensity: (A) industry competition, (B) buyer power, (C) supplier power, (D) product substitutes, and (E) threat of entry.

    Select one:

    True

    False

    Answer:

    Financial statements are influenced by five important forces that determine a company's competitive intensity - True

    Explanation:

    Michael Porter's five forces of rival (s) can be applied to monitor and investigate the competitive edifice of an industry by attending 5 forces of opposition that impact and form profit potential. Supplier power. An evaluation of how simple it is for suppliers to force up prices. Buyer power. An estimation of how accessible it is for buyers to push prices dropping.

    Competitive rivalry. The principal driver is the quantity and ability of competitors in the market. The threat of substitution. Where close alternate goods endure in a market, it improves the likelihood of customers shifting to alternatives. The threat of new entry. Favorable markets bring new entrants, which decays profitability.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Financial statements are influenced by five important forces that determine a company's competitive intensity: (A) industry competition, ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers