Answer:
c: increase in the bargaining power of suppliers of a critical input
Explanation:
Five Forces Framework by Porter's can be regarded as a method involving analysis of competition in a business. It's analysis dream through
industrial organization economics determine forces that are responsible for competitive intensity. The forces are;
✓potential new market entrants
✓number and power of a company's competitive rivals
✓ influence of suppliers, customers,on company's profitability.
It should be noted that Consolidation among fuel providers serving airport facilities is viewed in the five forces model of competition as a increase in the bargaining power of suppliers of a critical input.
Answer:
Fuel is an expense and the fact that it was not paid off immediately means that it is an amount owed to Western Oil thereby making it an Accounts Payable.
Journal entry is:
Date Account title and Description Debit Credit
Fuel Expense $4,360
Accounts Payable $4,360
Answer:
Please find the complete question in the attached file.
Explanation:
Answer:
Direct distribution
Explanation:
Direct distribution refers to a direct sales strategy where a company delivers its products directly to its costumers. This way the company avoids using intermediaries and retailers, and is able to either reduce distribution costs or increase profit margins.
Answer: A bilateral contract. Option A.
Explanation: A bilateral contract is one in which both parties are bound by their promise to fulfill their side of the bargain.
Therefore by Jackson and Casey agreeing to meet to exchange book for money, they have formed a bilateral contract, because each of them has agreed to fulfill his end of the bargain.
