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________ Are Considered to Be Universal and Biologically Based

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________ are considered to be universal and biologically based.


Definitions:

Porter's Five Forces Model

A framework for analyzing a business's competitive environment, focusing on five key forces that influence its ability to serve customers and turn a profit.

Substitute Products

Products that serve as alternatives to one another in the market, satisfying similar needs or wants of consumers.

Immediate Rivals

Competitors that directly impact a business’s operations or market position, often operating in the same industry and targeting similar customer bases.

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