Name the Five Forces Identified by Porter's Five Forces Model

question 78

Essay

Name the five forces identified by Porter's five forces model and describe their relation to an organization's internal and external environments.

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Definitions:

Approximation

The process of finding a value that is close enough to the right answer, usually within an acceptable margin of error.

Avoid a Contract

To legally cancel or nullify a contract, effectively acting as though the contract never existed.

Delaying

The act of postponing or putting off actions, decisions, or events to a later time.

Injunction

A legal order by a court that compels a party to do or refrain from specific acts, often used as a remedy in civil cases to prevent irreparable harm.