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What is Porter’s Five Forces Framework? Please identify each force individually.

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Accounting

What is Porter’s Five Forces Framework? Please identify eachforce individually.

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ANSWER STEP1 INTRODUCTION OF PORTERS FIVE FORCES FRAMEWORK Porters five forces were developed in 1979 by Michael E Porter of Harvard Business School Porters five forces is a simple framework which is used as to evaluate the competitive strength and position of a business organisation This forces helps to access the market competition and its attractiveness This forces helps business organisation to find out where the power lies in the market in a business situation By understanding the    See Answer
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