According to Porter's strategic framework, profits will be lower in industries where suppliers have a high degree of bargaining power.

Name: According to Porter's strategic framework, profits will be lower in industries where suppliers have a high degree of bargaining power.
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In Porter's framework, high bargaining power of suppliers can lead to increased costs for companies, which can reduce profit margins if those costs cannot be passed on to customers.

According to Porter's Strategic Framework, Profits Will Be Lower in Industries