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Select ONE (1) of the following questions to answer: 1 “ What is meant by the industry life cycle stages and give an ex

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Select ONE (1) of the following questions to answer:
1 – What is meant by the industry life cycle stages and give an example of a company that has moved through the stages.
2 – Explain Porter’s five competitive forces.  What are they and what is their importance? 
3 – What is the meaning of VRIO framework and why is it important?
4 -  What are the two types of benchmarking and when are they used?
Additional Resources:
Internal and External environments
https://www.youtube.com/watch?v=HPzGIxRXtNE
Competition
https://youtu.be/jILgxeNBK_8

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