Understanding the external environment of a firm requires one ultimately to identify:
A)The opportunities to make profit in the industry
B)The five forces identified by Porter's model
C)The barriers to entry and to exit in that industry
D)The expected level of profit in the mid.term for that industry

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The Answer of Understanding the external environment of a firm requires one ultimately to identify:
A)The opportunities to make profit in the industry
B)The five forces identified by Porter's model
C)The barriers to entry and to exit in that industry
D)The expected level of profit in the mid.term for that industry

Understanding the External Environment of a Firm Requires One Ultimately