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5 questions
This force studies how easy it is for consumers to switch from a business’s product or service to that of a competitor. This is called _______________.
The force ________________, examines how easy or difficult it is for the competition to join the marketplace in the industry being examined.
This force is called _________________ which looks at the power of the consumer to affect pricing and quality.
The _________________ analyzes how much power a business’ suppliers has.
This force examines how intense the competition currently is in the market. This is called _________________.
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