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Porter Generic Strategies, Porters five forces - Coggle Diagram
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Porters five forces
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To minimise the threat is by developing brand name, making more loyal customer
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If its easy to join the market for other businesses makes the business have higher threat on a business
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Intense rivarly increase costs, and minimises profits
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differentiation can make a product unique, make USP that will make it imposible for rivals to compete
The fewer supliers in a industry = more powerful suppliers
If there is very little amount of suppliers, maximing in economies of scale is good choice as it makes you more powerful