List the five factors that determine the nature and degree of competition in an industry as presented
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List the five factors that determine the nature and degree of competition in an industry as presented by Michael Porter. Why is the proper identification of these factors important for a new venture?
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1 New competitors 2 Substitute productsservices 3 Rivalry 4 Suppliers 5 Buyers P...View the full answer
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Related Book For 
Small Business Management Launching And Growing Entrepreneurial Ventures
ISBN: 9780357718803
20th Edition
Authors: Justin G. Longenecker, J. William Petty, Leslie E. Palich, Frank Hoy
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