According to Porter,which of the following is one of the five forces that affect industry competition?

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According to Porter's Five Forces model, one of the five forces that affect industry competition is the threat of substitute products or services. This refers to the availability of alternative options that can fulfill the same customer needs or desires. The presence of substitute products can increase competition and place pressure on companies to differentiate their offerings or lower their prices to remain competitive.

According to Porter,which of the Following Is One of the Five