competitive forces
Definition
Factors that influence the competitive position of a firm in an industry or market. Competitive forces include (1) bargaining power of the buyers and suppliers, (2) threat of new entrants, and (3) rivalry among existing firms.
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competitive forces is in the Decision Making, Problem Solving, & Strategy, Economics, Politics, & Society and Entrepreneurship, Management, & Leadership subjects.
competitive forces appears in the definition of the following term: usury
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