1.) What are some challenges / problems that would be anticipated if there is a world or society with no formal financial reporting such as no requirements to comply with IFRS ?

2.) What are some factors that needs to be considered when thinking of starting a roadside business?

3.) Is it better to be a differentiator than a cost leader since you can then charge premium prices? either yes or no explain

4.) Is it more profitable to be in a high technology than a low technology industry? either yes or no explain

5.) Industries with LARGE INVESTMENTS HAVE HIGH BARRIERS TO INDUSTRY BECAUSE IT IS COSTLY TO RAISE CAPITAL? either ye or no explain

6.) There are very few companies that are able to be both cost leaders and differentiators. Why? example of a company that is successful at both?