Answer the 2 multiple choice questions below

Which of these statements regarding the industry life cycle is true? It is important for company generic strategies, functional areas, value-creating activities, and overall objectives. Trends suggested by the market life cycle model are generally not reversible or repeatable. Olt points out the need to maintain a differentiation advantage and a low cost advantage, O Partial power of the market life cycle is its ability to serve as a short-run forecasting device. A turnaround strategy involves reversing performance decline and reinvigorating growth toward profitability. The firm should analyze the external and internal environments carefully. What will the internal analysis reveal? O market segments that are likely to be interested in the product customer groups that find the product attractive potential actions for reducing costs locations that would improve traffic