Question 1 4 pts may be expected to react to threat is increased: If there is no/little retallation from incumbents expected, Incumbents: potential new entrants: entrant Potential new entrants; now buyers buyer power Potential new entrants; new suppliers, entrant Incumbents: potential new entrants: substitutes Question 2 4 pts According to the five forces framework, backward integration by buyers may lower the industry profitability by: Decreasing the cost of production O Making the Industry more concentrated O Granting buyers power to push down prices o Reducing the number of potential buyers Question 3 4 pts Which statement below is NOT true about "strategically valuable resources? They are sometimes intangible assets They are sometimes capabilities. They decrease a firm's cost or increase the willingness to pay that the firm generates, These are more Wely to be physical assets than intangible assets