5 Explain why you agree or disagree with each of the following statements.
a It is better to be a differentiator than a cost leader, since
you can then charge premium prices.
b It is more profitable to be in a high-technology than a low-technology industry.
c The reason why industries with large investments have high barriers to entry is because it is costly to raise capital.
5B. Assess the expected source of competitive advantage for firms in (potential or proven) growth industries such as solar panel production, tertiary education or seafood farming. Is it cost leadership or differentiation or both? How likely is this advantage to be sustained?