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Question: Answer the following eight questions: Each question "150 to 200" words. 1.Describe value chain analysis? 2.Can afirmuse cost leadership and...

Question:Answer the following eight questions: Each question "150 to 200" words.

1. Describe value chain analysis?

2.  Can a firm use cost leadership and differentiation simultaneously?

3.  How can small businesses benefit from vertical integration?

4.  What is the role of the national context in regard to competitive advantage?

5. Describe any four general (macro) environmental factors that might affect the Australian Finance Industry?

6. What are the risks of an integrated cost leadership / differentiation strategy?

7.  Does a firm need to diversify across different businesses in order to benefit from economies of scope?

8.  Describe the characteristics of international modes of entry including exporting, licensing, strategic alliances and wholly owned subsidiaries?

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