Which ultimately determines the profitability of industry

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Question: An industry is a group of firms producing products that are close substitutes for each other. As they compete for market share, the strategies implemented by these companies influence each other and include a broad mix of competitive strategies as each company pursues strategic competitiveness and above-average returns. Describe The Five Forces Model of Competition which ultimately determines the profitability of the industry.

Reference no: EM133508716

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