BUSINESS

The FASB and its Mission.

The Financial Accounting Standards Board (FASB) was established in 1973. FASB is an independent body. It is located in Norwalk, Connecticut, United States. The FASB established the accounting and financial standards for the private and public companies as well as not for profit organizations following GAAP (Generally Accepted Accounting Principles). The Securities and Exchange Commission […]

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Main factors that affect the intensity of firm rivalry in any industry.

Rivalry is the measure of the degree of competition between existing firms in any industry. The higher the degree of rivalry in any industry, the more difficult it is for the existing firms to grow higher profits. In recent years, the level of rivalry in most industries has grown driven by several factors including technological

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