An industry is defined as
a. a group of firms producing the exact
same products and services.
b. firms producing items that sell through
the same distribution channels.
c. firms that have the same resources and
capabilities.
d. a group of firms producing products
that are close substitutes.
. Attractive industries have all the following,
except
a. high supplier power.
b. low buyer power.
c. high entry barriers.
d. low rivalry