Test #12: Short Answer Questions (10 points each): Answer the following questions in a paragraph format, with a certain amount of sentences Save your answers as a Microsoft WORD DOCUMENT document. Upload as an attachmant document Assignment Files - Attach Fles - Browse My Computer 1. What are the five (5) generic competitive strategies? Briefly describe each one and identify the type of competitive advantage that each strategy is aimed at achieving (Linteach strategy in one paragraph format with at least 1-2 sentences each) 2 Identity cost divers in a company's value chain Explain how these drivers impact as generic strategy (Explain in one paragraph format with at least 57 contences) 3. Identity and briefly explain the five (5) types of offensive strategies. (Listeach strategy in one paragraph with at least 1 sentence each) 4. What is a blue ocean strategy, what is its appeal and what is its drawback? (Explain in one paragraph format with at least 5-7 sentences) 5. List and discuss three (3) strategy options for competing in emerging markets. (List the strategies in one paragraph format with at least 1 sentence each)