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Briefly explain Porter's five forces model.
Purchase Price
The amount paid to buy a product or service, which can include additional costs such as taxes, shipping, and handling.
Competitive Strategy
A plan that businesses use to gain an advantage over their rivals in the market, typically by differentiating their products or services, or offering lower prices.
Singularity
Singularity refers to a hypothetical future point in time at which technological growth becomes uncontrollable and irreversible, resulting in unforeseeable changes to human civilization.
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