Question: 6) Use the five forces framework to determine whether the spoon industry would be attractive (i.e., profitable). Specifically, you need to determine the extent to

6) Use the five forces framework to determine
6) Use the five forces framework to determine whether the spoon industry would be attractive (i.e., profitable). Specifically, you need to determine the extent to which (1) buyers and (2) suppliers have strong bargaining power, (3) whether there are viable substitute products, (4) the extent to which existing rivalry within the industry is intense, and (5) the threat of new entrants entering the industry. You do NOT need to do research, use your own reasoning and the concepts from the previous five questions

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