Relate Your Understanding of the Porter's Five Forces Model to Describe

question 61

Essay

Relate your understanding of the Porter's Five Forces model to describe how the Internet affects the bargaining power of buyers and sellers according to whether offers commodity or differentiated products.

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Definitions:

Justinian's Code

A collection of laws and legal interpretations developed under the sponsorship of the Byzantine Emperor Justinian I.

Usable Definition

A description or explanation of a term that is practical and understandable for application.

Substantive Law

The law establishing both the rights an individual has in society and also the limits on her conduct.

Tort Action

A lawsuit instigated by an individual who has suffered harm due to another's wrongful act, aiming to obtain a remedy such as monetary compensation.