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Explain the Purpose of Michael Porter's Five Forces Model

question 57

Essay

Explain the purpose of Michael Porter's five forces model. List the five factors that Porter identifies as major threats and describe their impacts.


Definitions:

Indigenous Peoples

Ethnic groups considered to be the original inhabitants of a particular region, having distinct cultural, social, and political structures.

Federal Government

The national government of a federated state which has specific powers enumerated by a constitution, distinguishing it from regional or local governments.

Law of Partnership

The branch of law dealing with the formation, operation, and dissolution of partnerships.

Joint Business Activities

Collaborative enterprises undertaken by two or more partners to achieve specific commercial objectives.

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