Question: According to the extract, one has to be knowledgeable about the business environment in order to be able to track and comprehend how various factors

According to the extract, one has to be knowledgeable about the business environment in order to be able to track and comprehend how various factors affect your company. As such, it is essential to know the forces that determines competitions in industries. As the General Manager of Young Talent Shoe Factory, explain to the employees how Porters five forces can determine the competition for an industry.

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