Answer each question in 75-150 and add atleast one reference to support your finding for each question.

1. Identify the following forthree types of industry (growth, mature, and declining)

(a) the number and size distribution of companies

(b) the nature of barriers to entry

(c) the height of barriers to entry

(d) the extent of product differentiation.

What do these factors tell you about the nature of competition in each industry? What are the implications for the company in terms of opportunities and threats?

2.What is more important in explaining the success and failure of companies by strategizing or luck?