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Identify Five Potential Indicators of External Threats to a Business

question 17

Essay

Identify five potential indicators of external threats to a business organization for each of Porter's Five Forces: suppliers, customers, competitors, and substitutes/new entrants.


Definitions:

Biological Entities

Organisms or living systems that are studied in biology, which can range from single-celled organisms to complex multicellular life forms.

Psychology

The scientific study of the mind and behavior, encompassing various aspects of human experience, cognition, emotion, and social interactions.

Reductionist

An approach that simplifies complex phenomena by breaking them down into their most basic components for analysis.

Physiological Factors

Aspects related to the physical or biological conditions of an organism that influence its function or behavior.

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