Consider the following series of independent situations in which a firm is about to make a strategic decision. (Click the icon to view the decisions.) Requirements 1. For each decision, state whether the company is following a cost leadership or a product differentiation strategy. 2. For each decision, select what information the management accountant can provide about the source of competitive advantage for these firms. Requirement 1. For each decision, state whether the company is following a cost leadership or a product differentiation strategy. a. Julian Phones is about to decide whether to launch production and sale of a cell phone with standard features. b. C. d. Western Airlines is investigating market demand for a unique design for first-class seating in the form of cabins on its route from Los Angeles to Honolulu. Brandon Coverings is developing window shades that will let light into a room and reduce glare based on the outside brightness. There are no such shades currently on the market. Bledsoe Brands, a manufacturer of breakfast cereal, is developing a line of generic bagged cereals to be sold to a national discount chain.