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BUS 2000 Purpose and Practice of Business: Wong

Your Assignment

PROPOSE A BUSINESS

  • Product
  • Service

FORMULATE A BUSINESS PLAN

  • Industry analysis 
  • Market analysis 
  • Company information
  • Financial overview 

Porter's Five Forces Model

Porter's Five Forces at play in a given industry:

  • internal competition
  • the potential for new entrants
  • the negotiating power of suppliers
  • the negotiating power of customers
  • the ability of customers to find substitutes

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