I'm looking for a tutor to help explain these questions. Most of these questions are already in course hero, however they don't explain how they are solved/chosen. Please tutor me. Thanks.

1.Which of the following is the foundation for success for a company facing competition

a.by creating an advantage over the competition

b.Protect the advantage created over the competition

c.by creating and protect advantages over the competition

d.None of the above

2.If a customer values good A at $15, and it costs the firm $10 to produce, current profit per unit is

a.$10

b.$8

c.$5

d.$1

3.Strategy is

a.The art of matching the resources and capabilities of a firm to the opportunities and risks in its environment

b.Developing a resource for the company that is both rare and valuable to create competitive advantage

c. Making sure that the resource developed is non-fungible by creating a sustainable advantage

d. All of the above

4.Intense market competition is ________ for consumers, since it_______.

a.Bad; erodes producer surplus

b.Bad, increases variety in the market

c.Good, increases the price level in the market

d.Good; decreases the price level in the market

5.Intense market competition is ________ for producers, since it_______.

a.Bad; erodes consumer surplus

b.Bad, erodes producer profit

c.Good, increases the price level in the market

d.Good; decreases the price level in the market

6.You operate a small poultry farm in east Texas. You sell most of your output through a regional distributor of poultry products in the area. In this case, you are subject to

a.Low buyer power

b.High buyer power

c.No buyer power

d.All of the above

7.Rivalry among firms would tend to be high if

a.There is a small number of firms in the market

b.There is a large number of firms in the market

c.There is only one firm in the market

d.None of the above

8.Rivalry among firms would tend to be high if

a.Firms are located further from each other

b. Firms are located close to one another

c.There is only one firm in the market

d.None of the above

9.Rivalry among firms would tend to be high if

a.Customers are locked into the competitors technology

b.Customers can easily switch between competitor's technologies

c.All of the above

d.None of the above

10.Rivalry among firms would tend to be highest if

a.the industry is growing quickly

b.the industry is growing slowly

c.the industry is shrinking

d.None of the above

11.To decrease supplier power, the firm can

a.Increase rivalry among its suppliers

b.Buy from multiple suppliers

c.Both A&B

d.None of the above

12.To decrease buyer power, the firm can

a.Differentiate its product

b.Decrease dependency on a single buyer

c.Sell its products in locations with multiple buyers

d.All of the above

13.Porter's five forces portray

a.A zero-sum game

b.A game where your profitability comes at the expense of someone else's

c.The ability of market participants by creating a larger total pie

d.Only A&B

14.One should be wary of consultants peddling best practices or secrets to success because

a.They have different incentives than you do

b.Such best practices are public knowledge and easily duplicated

c.These best practices can at best only provide temporary profitability

d. All of the above