Question: Question 28 (1 mark) Choose the best answer: Michael Porter offers a framework for understanding an industry. Within this framework, there are five forces that

Question 28 (1 mark)

Choose the best answer:

Michael Porter offers a framework for understanding an industry. Within this framework, there are five forces that affect industry profitability, including intra-industry rivalry:

We can say that

* Less rivalry improves sector profitability

Less rivalry has no effect on sector profitability

Less rivalry reduces the profitability of the sector

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