The five forces model suggests that firms should target the industry with the highest potential for above-average returns and then implement either a cost-leadership strategy or a differentiation strategy. true / false.

True

Explanation:

Five force model given by Michael porter is tool to analyse competition in the business. It focuses on five forces that derive competitive intensity in a business. These five forces are

1. Bargaining power of suppliers

2.Threats of new entrant

3.Threats of substitutes

4. Bargaining power of buyers

5. Industry rivalry.

The five forces model suggests that firms should target the industry with the highest potential for above-average returns and then implement either a cost-leadership strategy or a differentiation strategy. This is a True statement.

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.