Three frameworks for formulating strategy were covered in class notes. Based on these notes, complete each sentence below by filling the appropriate framework in the blank.

The threat of substitute products is a factor in the

A$.$ Value Chain framework.

The framework will help a company figure out what its competitive advantage in an industry will be$.$

B$.$ Power Forces

A niche or focus market is an alternative in the framework.

The framework helps a company determine how easy or difficult it will be to obtain a competitive advantage in an industry.

The framework helps a company to find opportunities in business processes to implement its business strategy.