ALL STUDENTS MUST ANSWER Question $1)$

$40$pts

What is the definition of a business strategy? Briefly define the $5$ main business strategies. Name $2$ companies which follow different

business strategies and provide evidence to demonstrate the strategy for each.

Choose ANY FOUR items from $2)-8)$ below. Please indicate which questions you are answering.

$15$pts each

Discuss at least $2$ pros and $2$ cons of Whole Foods' vision statement:

Whole Foods: Our purpose is to nourish people and the planet.

We're a purpose$-$driven company that aims to set the standards of excellence for food retailers.

Quality is a state of mind at Whole Foods Market.

What does the term "competitive advantage" mean and what characteristics determine whether it is sustainable? Provide $1$ example of a

company's competitive advantage.

List and discuss $3$ ways for organizational culture and structure to support strategy.