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Author Question: Explain what the Five Forces Model is useful for and identify each of them. What will be an ideal ... (Read 107 times)

Evvie72

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on: Jun 29, 2018
Explain what the Five Forces Model is useful for and identify each of them.
 
  What will be an ideal response?

Question 2

When does a government run a budget surplus??
 
  What will be an ideal response?


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Athena23

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Reply #1 on: Jun 29, 2018
Answer to Question 1

The Five Forces Model is a model that helps economists understand the competitive forces that determine the level of competition and profitability in an industry. Those forces are potential entrants, buyers, suppliers, substitutes and the rivalry among existing firms.

Answer to Question 2

When the government's tax revenues exceed its spending in a time period (for example, a year), the government is said to be running a budget surplus.


Evvie72

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Reply #2 on: Jun 29, 2018
Thank you


Athena23

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Reply #3 on: Jun 29, 2018
No problemo


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