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Describe Porter's Model and explain how a manager would use it to develop a strategy to achieve competitive advantage.
Payments
Transfers of money in exchange for goods or services or as fulfillment of obligations under a contract.
Agreement
A mutual arrangement, typically in writing, between two or more parties detailing the terms and conditions of a deal or partnership.
Conditional Sale Contract
An agreement to sell an asset where the full payment is due after certain conditions have been met.
Simple Interest
Interest calculated on the principal amount of a loan or deposit, without compounding over time.
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