Q1. Illustrate what are the primaries competitive forces impacting steel producers? Please do a five-force analysis to support your answer.
Q2. Assume a hugely successful web company has utilized free economics, expanded its scale of operations also spread its long-run costs over larger also larger audiences. After years of profits, the company's profits fell continuously. Using production costs theory, explain why this situation might be occurring.
Q3. Could a service industry utilize production line approach or self-serve design also still keeps a high customer focus (personal attention)?