1. When does a business have a competitive advantage? Explain your answer with an example. ( 3 marks) 2. What strategic advantages have the Internet and e-commerce models done for the operating structure in many industries? You can pick one industry as an example to explain your answer. ( 4 Marks) 3. You are a company that provides agricultural products to large grocery chains across North America. Name and briefly describe at least three long-term benefits ( to the company) of environmental sustainability practices. ( 3 Marks) 4. The following factors can influence exchange rates: Inflation > 2. Interest rates > 3. Government Debt/Public > 4. Political Stability > 5. Economic Recession > 6. Terms of Trade > 7. Current account deficit > 8. Confidence and speculation > 9. Government intervention > 10. The stock markets > a) in the past year which have most influenced the value of the Canadian dollar in relation to the US? Explain. (3 marks) b) is it better for the Canadian dollar to trade at a discount to the US $ or at a premium$? Explain ( 2 marks) 5. Why do managers need to assess the internal and external environment as part of