Answer is the threat of substitute products or services.
Rivalry among the existing competitors was not a significant factor in the BlackBerry's downfall because they were not able to produce any form of alternative to the iPhone, and the users switched from the BlackBerry phones to the iPhones. The danger of replacement products is one of the Porter's five factors, and it indicates that there are alternative items that are likely to steal the company's market share. The downfall of the BlackBerry was caused by the substitute product in the shape of the iPhone.
All of the other allegations are untrue because there were no new entrants and the suppliers threatened because they were unable to upgrade their product.
Therefore, (B) Threat of substitute products or services is the correct answer is the correct answer.
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Answer:
The correct answer is: increase; not change; option ii.
Explanation:
An increase in the cost of production would lead to an increase in the price of rollerball pens, this will cause the quantity demanded to decrease. This decline in the quantity demanded will be indicated by an upward movement on the same demand curve. There will be no shift in the demand curve.
As the price of rollerball pens will increase, the consumers will prefer the cheaper substitute. This will cause an increase in the demand for ball-point pens.
The rollerball pens and ball-point pens are substitute. This means that they can be used in place of each other.
Answer:
B. the type of material with which it is made
Explanation:
Money can be defined as any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
Also, an exchange can be defined as the process of providing goods and services by an individual or organization, to meet the needs of customers in exchange for an amount of money.
Hence, the type of material with which money is made is what gives commodity money its value because it is based on the perception of the buyer and seller of goods and services. A commodity money simply refers to money that derives its value from the commodity with which it is created from. Some examples of commodity money are gold, diamonds, silver, cowry, cocoa, copper and other valuable resources.
Answer:
C) International Financial Reporting Standards
Explanation:
The International Financial Reporting Standards are accounting standards which are recognized and issued out by the International Accounting Standards Board (I.A.S.B) and the International Financial Reporting Standard Foundation with the former being responsible for accepting or approving and issuing of standards used in accounting by accountants. These accounting standards make up a standard manner in which a company or firm's financial performance is evaluated using their financial statements which should be understandable. These accounting standards are used by firms which own shares on a public stock exchange.
