(a) why is it necessary to identify your current financial position
before making further financial plans?
(b) explain why a person's current financial position might affect his
or her financial plans.

Apopular low-cost airline, parson corp., has gone out of business. although the service and price provided by the airline was what customers wanted, the larger airlines were able to drive the low-cost airline out of business through an aggressive price war. which component of the competitive environment does this illustrate? a) threat of new entrants b)competitors c) economic factors d) customers d) regulators