Refer to the five competitive forces porters five forces, Operation Management

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Refer to the five competitive forces porters five forces

Refer to the five competitive forces (Porter's Five Forces) that determine industry profitability. Are some industries more profitable than others? If so, give an example of a profitable industry and a not-profitable industry. 1. Competition in the industry; 2. Potential of new entrants into the industry; 3. Power of suppliers; 4. Power of customers; 5. Threat of substitute products.

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