Porter's five forces model offers a rigorous,empirically-validated approach to explaining the variation in profitability across industries

Name: Porter's five forces model offers a rigorous,empirically-validated approach to explaining the variation in profitability across industries
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Quizplus · Accepted Answer

Porter's Five Forces model is a conceptual framework for analyzing industry structure and competitive intensity, but it is not empirically validated to explain variations in profitability across industries.

Porter's Five Forces Model Offers a Rigorous,empirically-Validated Approach to Explaining