Which of the following results in decreased market profitability?
A) the absence of the threat of new entrants
B) intense rivalry among competitors, based on price
C) lack of competition among suppliers in an industry
D) a lack of leveraging power over suppliers
B
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Which if the following describes a product-market most accurately?
A. Competing sellers offer physically or conceptually similar products. B. No intermediaries operate in the market. C. All the customers want the same product but will consider a substitute if their preferred brand is not available. D. One seller has a patent for a superior product and other firms try to imitate the leader the best they can. E. Exchanges are based on barter rather than money.
Discuss the problems associated with global sourcing.
What will be an ideal response?
Which of the following legislations can a state adopt in determining whether an accountant is liable in negligence to third parties?
A) Section 2(b) of the Robinson-Patman Act B) Section 5 of the Federal Trade Commission C) Section 552 of the Restatement (Second) of Torts D) Section 16 of the Clayton Act
Chapter 7 of the Bankruptcy Code deals with the ________ form of bankruptcy.
A. reorganization B. liquidation C. rehabilitation D. consumer credit