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Sagot :
Answer:
The Porter's 5 forces include :
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
Explanation:
Porter's 5 forces is used to analyse how profitable a firm would be.
1. Competition in the industry - the higher the competition, the lower the firm's profitability.
2. Potential of new entrants into the industry : the easier it is for new firms to enter the industry, the lower the firm's profitability.
3. Power of suppliers : the more powerful suppliers, the lower the firm's profitability
4. Power of customers : the more powerful customers, the lower the firm's profitability
5. Threat of substitute products : the more the threat of substitute products, the lower the firm's profitability
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