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1) Why is competitor analysis critical for identifying opportunities and threats? What questions should an organisation ask to identify these? 2) There are five key

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1) Why is competitor analysis critical for identifying opportunities and threats? What questions should an organisation ask to identify these? 2) There are five key forces (from Porter) which impact on industry competition; describe and provide examples of each of these. 3) Use the five forces model to analyse the Australian domestic airline industry. 4) Describe the three key categories of benchmarking identified in the lecture and explain how a fast food outlet could use each type

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