QUESTION 1 a) Define the term of "agency theory" from the strategic management perspective. (5 marks) b) Explain any THREE factors of how agency problems can arise AND provide its relevant solutions. ( 30 marks) QUESTION 2 Professor Michael E. Porter propelled the concept of evaluating the industry environment for strategic planning. Use one industry that you are familiar with, identify and explain in details any FOUR factors that make the buyer group powerful with relevant example of each. (35 marks)