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Porter's Five Forces Model Offers a Rigorous,empirically-Validated Approach to Explaining

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Porter's five forces model offers a rigorous,empirically-validated approach to explaining the variation in profitability across industries


Definitions:

Associations

Connections or links formed in the mind between ideas, concepts, or phenomena, often resulting from learning or experience.

Acquisition

The process of learning or obtaining new information, skills, or responses.

Unconditioned

In behavioral psychology, refers to stimuli or responses that are natural and do not require learning to manifest.

Conditioned

The process by which an individual's behavioral response is learned or modified through experience or training.

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