Question: According to Porter's Five Forces model, how does the threat of substitute products or services impact industry profitability? It increases profitability by diversifying product offerings

According to Porter's Five Forces model, how does the threat of substitute products or services impact industry profitability?
It increases profitability by diversifying product offerings
It has no significant impact on profitability
It decreases profitability due to increased customer awareness and options
It increases profitability in industries with high product differentiation.
According to Porter's Five Forces model, how does

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