Does the Strength of Each of the Five Competitive Forces

question 231

Essay

Does the strength of each of the five competitive forces from Michael Porter's model remain constant over time? Briefly explain.

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Definitions:

Legal Agent

A person authorized to act on behalf of another person or entity in legal or financial matters.

Payment

The transfer of money or goods from one party to another as compensation for receiving goods, services, or to fulfill a legal obligation.

Acceptance of Goods

The act of receiving a product or service and agreeing that it meets the contractual specifications and requirements.

Environmentally Preferable Purchasing (EPP) Program

A procurement policy that emphasizes buying products and services with a reduced environmental impact.