Question 8 Outline the value of cooperative ventures in strategic planning-mention three (3) types of cooperative ventures in your answer, including their key features. (100-150 words)Question 9 Outline why due diligence is key to effective strategic planning. Describe three (3) key features of the due diligence process in your answer. (80-120 words)Question 13 Give three (3) practical examples of risks and risk management strategies relevant to strategic planning (with one of them related to intellectual rights and responsibilities). Risk-example Risk management strategy to treat the risk (30-50 words each)