The second activity is a business exercise. Each student or group will create its own company to practice the knowledge such as analyses and strategies that you learn in each chapter. The questions will be about analyzing external, internal environment, strategy formulation, and strategy implementation etc. In this business exercise, please circle one of the options that your firm has on the table and briefly explain why you choose. If you can't directly circle on the table, you may directly explain instead. There is no word count limit in this activity. business strategy template_ch3.docxOpen this document with ReadSpeaker docReaderOpen this document with ReadSpeaker docReader Ch3 Business Strategy Exercise Template Internal Analysis (Circle One in each box and explain) internal analysis_ch3.png Evaluation vs. Rivals (Circle One in each box and explain) Value Chain Our Business 1st Competitor 2nd competitor Supply o - o - o - Operations o - o - o - Distribution o - o - o - Marketing/Promotion o - o - o - Service o - o - o - Overall o - o - o - = Advantage/Strength o = Neither and Advantage/Strength nor a Disadvantage/Weakness - = Disadvantage/Weakness