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Your boss, Pam Anderson, has asked you to analyze the music industry using Porter's Five Forces Model. Which of the following represents the threat of substitute products or services in the music industry?
Globalized Clinical Trials
Research studies conducted on human participants in various countries around the world to investigate the effects of medical interventions.
Medical Advances
Refers to the progress and improvements made in the field of medicine, enhancing healthcare quality and patient outcomes.
Biomedical Markets
Biomedical markets refer to the business sectors that involve the buying, selling, and trading of products and services related to medical and healthcare research, diagnosis, prevention, and treatment.
Social Value
The importance or beneficial impact of an action, policy, or practice on the well-being and functioning of a society or community.
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