An explanation for each please. Will thumb up!

1. You have an idea for a company that sources fruits from local farms to make fresh juices that will be sold on a subscription-based service to households within a 100-mile radius. How will you know if your company has a sustainable advantage?

a. You will strategically invest in a healthy snack foods business to complement your fresh juice delivery service. b. You will set specific customer retention goals and decide how to achieve them. c. You will clearly outline your customers juice needs and the expected revenues. d. You will produce and deliver juice more effectively than competitors.

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2. Nyah knows that planning and strategic management can help focus on the most critical problems, choices, and opportunities by

a. providing direction and momentum. b. encouraging new ideas. c. developing a sustainable competitive advantage. d. setting long-term goals.

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3. An import quota is a(n) ________ that limits ________. a. trade barrier; the numbers of a product that can be imported b. sanction; certain types of products, services, or technologies from being imported c. export fee; one country from trading with another d. type of dumping; the sales of products in foreign markets

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4. Before moving forward with its strategic management, organizations should develop vision statements that describe

a. the organizations purpose or reason for being. b. what the company will market and its business plan. c. the organizations purpose or reason for being and its strategic intent. d. what the company wants to become and where it wants to go strategically.