I'm looking for a tutor to help explain these questions. Most of these questions are already in course hero, however they don't explain how they are solved/chosen. Please tutor me. Thanks. 1. Which of the following is the foundation for success for a company facing competition a. by creating an advantage over the competition b. Protect the advantage created over the competition c. by creating and protect advantages over the competition d. None of the above 2. If a customer values good A at $15, and it costs the firm $10 to produce, current profit per unit is a. $10 b. $8 c. $5 d. $1 3. Strategy is a. The art of matching the resources and capabilities of a firm to the opportunities and risks in its environment b. Developing a resource for the company that is both rare and valuable to create competitive advantage c. Making sure that the resource developed is non-fungible by creating a sustainable advantage d. All of the above 4. Intense market competition is ________ for consumers, since it_______. a. Bad; erodes producer surplus b. Bad, increases variety in the market c. Good, increases the price level in the market d. Good; decreases the