Justification:

Analysis done on porter’s five force model to gain competitive advantage is as follows:

Threat of new competitors

Get the information about the new producers and clients.

Monitor the existing strategies to gain the customer interest.

Threat of substitute products and services

Check the duplications of new innovations related to other companies...

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Chapter 2, Problem 4DQ

Chapter 2, Problem 5DQ

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Solution Summary: The author explains Porter's five force model to gain competitive advantage is as follows: Threat of new competitors Get information about new producers and clients.

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