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The Five Forces Model –
Five forces model is an economic structure of the business to the growth of the business. It helps the company to analyze the market situation. By following the five forces model a company can easily set its business in any market. It also helps the company to set the market value by analyzing the need and availability of the product. In short five forces model takes care of everything that you really afraid of.
The factors affecting the market according to the five forces model are as follows;
- Competition with other rival companies
- the threat of launching the supplement product in the market at a low price
- being threatened by the entry of new company in the market with the same business plans
- Bargaining ability of sellers
- The ability of bargaining of customers
For business and economic study, this model is highly beneficial. Our team is always ready to get you out from your homework mess.
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