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Define Industry, Business and Sector. How are these related? How can Porter's five-forces model aid in strategic decision making? Describe how Risk of Entry, Bargaining
- Define "Industry", "Business" and "Sector". How are these related?
- How can Porter's five-forces model aid in strategic decision making?
- Describe how "Risk of Entry", "Bargaining Power of Buyers", "Bargaining Power of Suppliers", and industry competition ("Threat of Substitutes") affect the external threats a company faces. Provide examples of each.
- Describe the industry life cycle, what strategic groups are, and what mobility barriers are.
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