Question $1(4\mathrm{.}00$ Point$)$

Define what is "competitive advantage"?

Question $2(3\mathrm{.}00$ Point$)$

What is "Vision" & "Mission" that is common in any business entity?

Question $3(8\mathrm{.}00$ Point$)$

Draw up the competitor analysis tool, SWOT Analysis and explain each of them

Question $4(5\mathrm{.}00$ Point$)$

Who performs the Strategic Management Task?

Question $5(5\mathrm{.}00$ Point$)$

List $4$ reasons why some business firm don't do Strategic Planning?

Question $6(6\mathrm{.}00$ Point$)$

Explain Porter's Five Force Model

Question $7(5\mathrm{.}00$ Point$)$

What are the benefits of "Strategic Approach"?

Question $8(4\mathrm{.}00$ Point$)$

Why strategy is important in a business?