External risk analysis involving industry forces involves studying five risks common to all businesses. They are as
Question:
External risk analysis involving industry forces involves studying five risks common to all businesses. They are as follows:
a. Competitive intensity
b. Potential entrants
c. Substitutes
d. Suppliers
e. Buyers
Consider a sole proprietor pizzeria in the food court of a large mall. Identify the five external threats listed here for the pizzeria and discuss the implications of those threats to the pizzeria's auditor.
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Related Book For
Auditing Assurance And Risk
ISBN: 9780324313185
3rd Edition
Authors: W. Robert Knechel, Steve Salterio, Brian Ballou
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