Question 7 (1 point) 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 The Power of Suppliers When there are many suppliers of industrial inputs AT competition between suppliers increases and the profitability of the industry is damaged competition between suppliers is reduced and the profitability of the industry is improved competition between suppliers increases and the profitability of the industry is improved

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Question: Question 7 (1 point) Choose the best answer: Michael Porter offers a framework for understanding an industry. Within this framework, there are five forces that

Question 7 (1 point)

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 The Power of Suppliers:

When there are many suppliers of industrial inputs

competition between suppliers increases and the profitability of the industry is damaged.

competition between suppliers is reduced and the profitability of the industry is improved.

competition between suppliers increases and the profitability of the industry is improved.

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