Identify the Five Competitive Forces That Determine Industry Profitably

question 15

Essay

Identify the five competitive forces that determine industry profitably. Explain the purpose of analyzing these forces.

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Definitions:

State Of Balance

A situation or condition in which different elements are in the correct proportions or in an equilibrium state.

Establish

To set up or found something on a firm or permanent basis, often referring to institutions, organizations, or systems.

Defense Mechanism

Psychological strategies brought into play by individuals, groups, or even nations to cope with reality and to maintain self-image.

Overemphasizing

Placing too much importance or focus on a particular aspect, detail, or activity.