Explain the Purpose of Michael Porter's Five Forces Model

question 46

Essay

Explain the purpose of Michael Porter's five forces model.List the five factors that Porter identifies as major threats.

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Definitions:

Differentiation

The process by which cells or tissues undergo a change towards a more specialized form or function, often in context of development.

Adipose Tissue

Connective tissue specializing in fat storage.

Simple Squamous

A single layer of flat cells that contributes to various membranous barriers in the body, such as in the alveoli of lungs or the linings of capillaries.

Stratified Squamous

Refers to a type of epithelial tissue consisting of several layers of flat cells designed to protect underlying tissues in areas subject to abrasion.