Kindly answer the following questions elaborately.

1. What are the three Porter's generic strategies? Explain each strategy.

2. What is the difference between internal and external assessment?

3. What are the factors being considered in creating strategies in the tourism and hospitality industry? Discuss each.

4. What are the different types of competitor relationships in the tourism and hospitality industry? Define each

5. Differentiate resource suppliers, capital suppliers, and labor supply.