The restaurant industry is known as a difficult industry to obtain long-term success. Use the Porters Five
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Question:
The restaurant industry is known as a difficult industry to obtain long-term success. Use the Porter’s Five Forces Framework to analyze a typical firm in the restaurant industry.
1) What factors are in the restaurant’s favor for high profitability?
2) What factors are against the restaurant?
3) Why would the factors against. high profitability overwhelm the factors for high profitability?
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