Jonas is the marketing manager in a firm that sells air pollution control systems to the coal-fired power industry. His business is highly competitive, with existing rivalries and new players. Coal-fired power plants are being shut down in favor of substitute forms of energy, e.g., wind and natural gas. Thus, new project opportunities in coal-fired power plants are rare. His clients (electric utility companies) have many choices of providers and technologies. Jonas's firm has long-term pricing agreements with its equipment suppliers, so Jonas knows what external costs his firm will incur on potential new projects. The competitive force that appears to represent the lowest risk to Jonas's firm is
A. competition between existing rivals.
B. impact of new competitors.
C. power of customers.
D. power of suppliers.
E. impact of substitute or complement services or products.
Answer: D
You might also like to view...
Martha Company had 21,000 units of ending inventory that were recorded at the cost of $7.00 per unit using the FIFO method. The current replacement cost is $4.25 per unit. Which of the following amounts would be reported as ending Merchandise Inventory on the balance sheet using the lower-of-cost-or-market rule?
A) $147,000 B) $236,250 C) $168,000 D) $89,250
Responses given because the respondents attempt to guess the purpose of the experiment and respond accordingly are called demand artifacts
Indicate whether the statement is true or false
The first person to propose using XML be used as a means to electronically deliver financial information was:
A. Charles Hoffman B. Manuel Sanchez C. Kevin Kobelsky D. Albert Gore
Answer the following statements true (T) or false (F)
1. Manley Corporation issued 2,500 shares of its $50 par, 4% preferred stock on March 31, 2019, at $80 per share. The amount credited to Paid-In Capital in Excess of Par - Preferred is $200,000. 2. Treasury stock is a corporation's own stock that it has previously issued and later reacquired. 3. A company may purchase treasury stock to support the company's stock price. 4. A company may purchase treasury stock to increase net assets by buying high and selling low. 5. Treasury stock is a contra equity account.