Strategic ManagementNeed to understand the reason behind each questions. Please

Strategic ManagementNeed to understand the reason behind each questions. Please explain.1. Which types of strategies are used to implement the growth and competitive strategies of the firm?a. Focus strategiesb. Generic strategiesc. Functional strategiesd. Corporate Strategies2. A specialty store that caters to the needs of teenagers by offering designer clothing in a trendy atmosphere is most likely pursuing which types of strategy?a. Differentiation advantageb. Learning curve advantagec. Cost advantaged. Differentiation combined with cost leadership3. Direction setting is a major corporate-level strategic management responsibility.a. Trueb. False4. When are economies of scales most important?a. When there are more than 100 employees in a firmb. When the minimum efficient scale to produce the product is large compared to the size of the marketc. When combing dissimilar businesses under common ownershipd. When there is proprietary technology5. When is variety-based positioning most effective?a. When a company has distinct capabilities that allow it to perform a subset of activities better than it competitorsb. When different groups or segments of consumers have different needsc. When a company distributes their produce in only select locationsd. When the company offers multiple services