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Generally,the Stronger the Competitive Forces,the Higher the Profit Potential of an Industry

question 61

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Generally,the stronger the competitive forces,the higher the profit potential of an industry.


Definitions:

Emotional Intelligence

The capacity to recognize, understand, manage, and reason with emotions, both in oneself and in others.

Judicial Decisions

Rulings or conclusions by courts concerning laws, constitutions, or cases that serve as precedents for subsequent legal decisions.

Law of Contracts

The branch of law dealing with the creation and enforcement of agreements between parties, outlining the obligations that each party must fulfill.

Contractual Capacity

Contractual capacity refers to the legal ability of a party to enter into a contract, generally requiring them to be of sound mind and of legal age.

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