In which of the following situations does the "intensity of rivalry" market force drive down
profits for a company?
A) the presence of companies perceived as near-equals in the market
B) the presence of one powerful company dominating a major part of a market
C) the presence of multiple companies that share a common supplier
D) the absence of price competition within the market
A
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Which of the following correctly describes the accounting for administrative expenses of a manufacturing company?
A) Administrative expenses are product costs and are expensed as incurred. B) Administrative expenses are period costs and are expensed as incurred. C) Administrative expenses are product costs and are expensed when the manufactured product is sold. D) Administrative expenses are period costs and are expensed when the manufactured product is sold.
________ logistics controls the movement of products from points of production to consumers
A) Inbound B) Reverse C) Outbound D) Vertical E) Horizontal