In the five forces model developed by michael porter, is not defined narrowly as a firm's closest competitors but rather more broadly to include other factors in an industry like buyers, suppliers, potential new entry of other firms, and the threat of substitutes.

Competition

Explanation:

Porter's Five Forces model is a framework for analyzing a company's competitive environment in order to adapt to it. According to my research on this model, I can say that based on the information provided within the question it is Competition that is not defined narrowly as a firm's closest competitors but rather more broadly to include other factors in an industry like buyers.

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is this an essay or multiple choice

in an absolute  monarchy, the  monarchrules as an autocrat, with absolutepower  over the state and government — for example, the right to rule by decree, promulgate laws, and impose punishments. the  monarch isnominally sovereign but the electorate, through their legislature, exercise political sovereignty.