Porter's Five Forces Model | 60 Second Business
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YouTubetutor2u
Porter's Five Forces Model | 60 Second Business
Porter's Five Forces Model is all about understanding the nature of competition in an industry! If the overall forces are strong (such as a high threat of new entrants, or high supplier and buyer power), then existing businesses in an industry will often find that industry profits are low. This changes how they compete! #alevelbusiness # ...
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