APA paper based on two essay questions

Please respond to the following two questions in a minimum of 400 words

each. Cite at least one source (other than the eBook) to support your

answer. APA format for the submitted document and citations is required.

Item 1

Identify a growth industry, a mature industry, and a declining industry. For

each industry, identify the following: (a) the approximate size of the top

three companies in each industry; (b) the nature of barriers to entry; (c) the

height of barriers to entry; and (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 companies in terms of

opportunities and threats (existing and new entrants)?

Item 2

When is a company’s competitive advantage most likely to endure over

time?

Which is more important in explaining the success and failure of companies:

strategizing or luck?