Immediate rivals, potential entrants, customers, suppliers and substitute products are the five aspects that are used to evaluate competition.
<u>Explanation</u>:
Porter's Five Forces is a framework or tool for analyzing the competitive environment of the company. The profit of the company is influenced by company's competitors, potential new market entrants, suppliers, customers and substitute products.
Michael Eugene Porter- a famous economist of America postulated Porter’s Five Forces. This tool helps in determining the competition intense of the company. The position of the company can be affected with the new entry of rivals in the same market. The company should be able to possess strong and durable barriers to withhold its position.
So the question ask to find and calculate the value of the property taxed that is omitted in the said problem and the best answer among the choices is letter C. $1,600. I hope you are satisfied with my answer and feel free to ask for more if you have further clarification and question.
Local winds are those winds which are preferred to travel small distances.
<u>Explanation:
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The winds which flows in a particular area and the direction of those winds are predicted from before. Local winds like the sea breeze which flows from the sea to land keeping the temperature of the coastal areas little mild. Also, the land breezes which flows from the land to the sea at night. These local winds are quite dissimilar to the global winds. These winds don't change the total weather of a place but they just vary the temperature in few degrees of that small particular area.
I believe it was King Solomon
