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C. EXTERNAL ANALYSIS: [24 points, maximum of 2 pages) Competitive Environment: - Industry: U.S. department store retail industry (USDSR) Porter's five forces analysis: Briefly describe the following force and determine the rating of THE THREAT OF NEW ENTRANTS. That is, evaluate the strength of the THIS force use strong, moderate or weak ONLY. Provide three explanations for your rating, use the following format only 31, 2 and 3. Use concepts in chapter 3 PESTEL Model: Identify describe the aspects of the company's macroenvironment