What are buyer power, potential entrants, power of suppliers, potential of substitutes and industry rivalry?
What will be an ideal response?
the five forces model
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Using a periodic inventory system, Bertram Company records inventory at lower of cost or market using the direct method. The end-of-the-year journal entries to adjust inventories would include
A) ?a debit to Inventory to close beginning inventory at cost value. B) ?a debit to Inventory to close ending inventory at market value. C) ?a debit to Loss Due to Market Valuation for the excess of cost over market value. D) ?a credit to Allowance to Reduce Inventory for the excess of market over cost value.
Which of the following is typically the step after conducting a competitive analysis during site selection?
A. Define present trade area. B. Conduct a situational analysis. C. Analyze trade area characteristics. D. Match characteristics of present trade area with potential sites.
There are five stages in the consumer purchase decision process. The second stage is ________.
A. information search B. purchase decision C. opportunity identification D. problem recognition E. alternative evaluation
Buyers in producer markets purchase either raw materials or semifinished products.
Answer the following statement true (T) or false (F)