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Complete a Competitive Analysis of the retail grocery industry to determine the industries competitive environment. Evaluate each of the forces: Threat of New Entrants; Bargaining Power of Suppliers; Character of Rivalry; Bargaining Power of Buyers; and Threat of Substitutes. See chapter 6 of our textbook for definitions of each of the forces and how to evaluate each one’s strength. Give factual information to support your evaluation of the strength of each of the forces.
Based on your analysis of the relative strength of each of the forces, how does a company in the industry (a retail grocer) take advantage of the weak forces, and offset the negative forces, so as to be profitable in the industry? Given the competitive nature of the industry based on your analysis, what would be an effective strategy to be profitable in the industry?
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