Porter's Five Forces Work Has Been Challenged on Several Levels

question 23

Essay

Porter's Five Forces work has been challenged on several levels. What re the bases of these challenges? ​

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Definitions:

Forecast

A prediction or estimate of future events, especially regarding weather or economic trends.

Sales Details

Information and data related to the sales performance of products or services, including quantities sold, revenue generated, and trends over time.

Value of K

A specific numerical quantity or parameter that might have different meanings depending on the context in which it's used.

Mean Square Error

A measure of the average of the squares of the errors or deviations between estimated and true values.