Question

2. Identify a growth industry, a mature industry, and a declining industry. For each industry, identify the following: (a) the number and size distribution of companies; (b) the nature of barriers to entry; (c) the height of barriers to entry; and (d) the extent of product differentiation.

Answer 1

Explanation:

Growth Industry: telecom The telecommunications market in terms of mobile phones is organized but is going through a transition phase as most of the players want to enter into the deals with the channel partners like applications developers, music stores, online book stores, digital games and much more to increase their sources of revenue. This has led to the fierce competition and confusion among the consumers. mature industry: Fashion The fashion industry is a product of the modern age. Prior to the mid-19th century, most clothing was custom-made. It was handmade for individuals, either as home production or on order from dressmakers and tailors. By the beginning of the 20th century—with the rise of new technologies such as the sewing machine, the rise of global capitalism and the development of the factory system of production, and the proliferation of retail outlets such as department stores—clothing had increasingly come to be mass-produced in standard sizes and sold at fixed prices. New trends in fashion are governed by the various factors like cultural and regional preferences, buying power of the middle class and the influence of various famous figures like politicians, film starts or pop stars. The influence of fashion industry can be felt most in the young people which can be defined as the age group of fifteen to forty in most cultures. declining industry: TV...

Answer 2

An example of a business {industry} is the technology industry.

• The companies during this trade show quickly growing sales figures

• One risk related to this trade is that the risk to technological setbacks which might impede progress the highest 3 corporations in technology trade area unit apple INC with the revenue of $ 182 billion  ,Hewlett Packard with the revenue of $ 111 billion and IBM with the revenue of $ ninety four billion .
• The most barriers to entry to new corporations since, this trade is that the larger reach of trade leaders associate degreed an already established network of sales and shoppers .
• They need to established structure of market and sales  large investment in analysis and development is additionally an excellent barrier to entry .
• A mature trade is that the trade within which future growth is restricted.

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