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Identify two of the five forces in the Five Forces model and briefly discuss their importance in the market assessment.
Achieved Objective
An achieved objective is a goal or target that has been successfully met or accomplished.
Offshoring
The practice of relocating business processes or production to a foreign country to reduce costs.
Evolution of Product Quality
The progressive improvement or changes in product quality over time due to innovation, customer feedback, and competitive pressures.
Continuous Improvement
An ongoing effort to enhance products, services, or processes through incremental and breakthrough improvements.
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