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