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Explain three of the five basic forces of competition that exist within every industry.
Cash Flows
The movement of money into and out of a business or project, considered crucial for gauging its financial health.
Incremental Changes
Small or minimal adjustments or changes that are made to improve a process, product, or system over time.
Replacement Projects
Projects undertaken by a company to replace old or obsolete assets in order to maintain or improve current operations.
Working Capital
The difference between a company's current assets and current liabilities, indicating its short-term financial health and efficiency.
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