(a) Which of the following factors are considered when analyzing an industry?

1. I. the nature and conditions of governmental regulations

2. II. the involvement and relations, if any, with labor unions

3. III. the development of new technologies relevant to the industry

4. IV. the extent of competition within the industry

Explain your answers.

(b) Which stage of an industry's growth cycle is most influenced by economic events?

1. Initial development

2. Stability or decline

3. Mature growth

4. Rapid expansions

Explain your answers.