(Answered) What is the theoretical basis or foundation of the five

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What is the theoretical basis or foundation of the Five Forces Model? Select an industry and analyze it using the Five Forces Model. What are the limitations or shortcomings of the Five Forces Model as a tool for industry analysis?

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1. You can always use relevant academic theories and corporate examples to support your points.

2. The layout of your answers should be in paragraph style (in total not more than 1500 words).

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