List Porter's Five Forces

question 43

Short Answer

List Porter's five forces.

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Definitions:

Four Ps

A marketing mix model that includes Product, Price, Place, and Promotion as key components to consider in marketing strategies.

Intangible Nature

Refers to the non-physical qualities or characteristics of services and goods, like brand image or customer experience.

Quality

The degree of excellence of a product or service, often measured against other similar products or services.

Price of a Service

The amount of money charged for the performance of a specific task or service provided to consumers or businesses.