<u>Full question:</u>
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
<u>Answer:</u>
Financial statements are influenced by five important forces that determine a company's competitive intensity - True
<u>Explanation:</u>
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.
Product/service management is a marketing function that involves obtaining, developing, maintaining, and improving a product or service mix in response to market opportunities.
A company's offers are shaped through the process of product service management, also known as product/service management, in response to customer demand brought on by changes in the marketplace. A product service manager (PSM) foresees consumer needs and then directs the creation of products to address them.
Discovering new product opportunities, maintaining current products, and getting rid of items that have turned into liabilities are all part of product service management. advantages
The following are some advantages of product service management:
- Provides customers with things they desire to buy, hence improving a business's earnings.
- With novel and cutting-edge items, it can increase the number of customers
- When products are properly managed, there is less risk of failure and more potential for success.
The market opportunity is unrealized market potential that enables companies to take advantage of untapped markets.
Learn more about Product/service management here:
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Alcohol is most effective when used as a 70% solution.
Answer:
The answer is: There are different versions of the retail inventory method.
Explanation:
There are several types of retail inventory method:
- the conventional (lower of average cost or market) method,
- the cost method
- the LIFO retail method
- the dollar value LIFO retail method
The retail inventory method is very useful for large retailers (e.g. grocery stores, hypermarkets, etc.). Its greatest advantage is that the inventory balance can be calculated without a physical count.
In any kind of exercises, may it be a 45-minute walk or running or swimming, beverages such as water is essential. A person must drink water before, during, and after exercises. This is because a person needs to maintain his hydration while exercising for it regulates body temperature and helps lubricate the joints. Also, it contains nutrients which keep you healthy.
