a. With a deep understanding of the competitive environment within the industry, firms make sound strategic decisions leading to innovation and position in the industry. In regard to your understanding of industries in Capstone simulation, explain the five forces model of Michael Porter.

b. Due to the ever-changing outside environment within the industry, firms' internal resources and capabilities offer a more secure basis for strategy. With this background, explain a brief about Porter's value chain.

c. With your understanding of products and their production in the Capstone Simulated environment, explain the drivers of cost advantage.

d. Ikea's value proposition is to provide good designs and functions at a low price. It does not meet all the needs of all the customers. This directs toward one of the important concepts of strategy. What is that? Explain the reasons for that aspect of strategy.

e.Explain cross-functional capabilities and cross-functional integration in the context of your understanding of Capstone Simulation.