List the Five Factors That Determine the Nature and Degree

question 98

Essay

List the five factors that determine the nature and degree of competition in an industry, as presented by Michael Porter in his book Competitive Advantage.

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Definitions:

Capital Gains

The profit earned from the sale of a non-inventory asset that was purchased at a lower price, often subject to taxes.

Valid Trust

A trust that fulfills all legal requirements, ensuring its enforceability and the legal protection of the assets and beneficiaries involved.

Conveyance

The legal process of transferring property from one owner to another.

Legal Capacity

Refers to the ability of an individual or entity to enter into legally binding contracts, recognizing their rights and responsibilities.