Examlex
Consciousness is the key difference between humans and lower animals.
Unique Product
A good or service that is distinct from others in the market due to its unique features, design, or branding.
Five Forces Model
A framework developed by Michael Porter used to analyze the competitive environment in which a company operates, considering five forces that shape competition.
Competitive Forces
The various external factors that influence the competitive position and market power of a business within its industry.
Level of Competition
Describes the intensity and number of competitors in a market, which can influence pricing, product innovation, and consumer choice.
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