Specialized Bicycle Components, Inc. introduced the first

Video Analysis EssayThis essay assignment is based on the review of a specific assigned video in the accompanying Course Mate Web site.Make sure you have read Chapter 6 in the textbook.Click “Management Workplace Videos” and watch the video on Theo Chocolate.After reviewing the video and studying Chapter 6, respond to the following four questions in an essay (introduction, body, and conclusion) format. Grading will be based on your ability to incorporate core ideas from the textbook and to respond to each question and activity in a detailed and structured manner.Video Analysis Essay QuestionsNote: Minimum word count for each question is 200 to 250.1.Provide an overall summary of the video. Provide details and examples to support your answer.2.Evaluate Theo’s new strategy of attracting a wider customer base. Based on the details provided in Chapter 6, using the SWOT analysis approach provide details regarding the company’s strengths, weaknesses, opportunities, and threats. Provide details to support your response.3.Based on the details provided in the textbook, define BCG Matrix. Using the BCG Matrix, explain Theo’s decision to offer a classic line of chocolate bars after having limited success with Fantasy Flavor chocolates. Provide details to support your response.4.Based on the details provided in the textbook, define the three positioning strategies: differentiation, cost leadership, and focus. Which of these three strategies— differentiation, cost leadership, and focus—do you think is best for Theo Chocolate? Explain your response.2 PARTS PLEASE FOLLOW DIRECTIONS1 of 10Specialized Bicycle Components, Inc. introduced the first major production mountain bike in 1980. Two-thirds of its profits come from the sale of mountain bikes. It is recognized worldwide for its ability to design and produce superior mountain bikes. This ability is itscustomer sustainability….anizational advantage.relative competence.distinctive competence.superlative advantage.Question2 of 10A sustainable competitive advantage exists for an organization when other companies have tried unsuccessfully to duplicate the advantage andthose companies have been prohibited from duplicating the advantage by federal law.those companies have, for the moment, stopped trying to duplicate the advantage.the organization is able to implement exclusive distribution.the organization operates in the international marketplace.the organization has a follower strategic stance.Question3 of 10When companies are performing above or better than their strategic reference points, top management is more likely to choose a daring, risk-taking strategy.TrueFalseQuestion4 of 10A competitive advantage becomes a sustainable competitive advantage when other companies find it very expensive to duplicate what the company is providing to customers.TrueFalseQuestion5 of 10Companies should use their resources to improve organizational efficiency and effectiveness.TrueFalseQuestion6 of 10The ____ is a portfolio strategy that managers use to categorize their corporation’s businesses by growth rate and relative market share. This strategy helps them to decide how to invest corporate funds.investment matrixSWOT matrixBCG matrixportfolio management matrixMaslow gridQuestion7 of 10Starbucks, the operator of Starbucks coffeehouses, also markets a line of compilation CDs and other noncoffee items. The making and marketing of the CDs and other noncoffee products would be an example ofrelated differentiation.related diversification.an integrated acquisition….petency acquisition.unrelated diversification.Question8 of 10Four conditions must be met if a company’s resources are to be used to achieve a sustainable competitive advantage. The resources must be valuable, rare, imperfectly imitable, and nonsubstitutable.TrueFalseQuestion9 of 10Companies face very little uncertainty in their strategic business environments.TrueFalseQuestion10 of 10Suppose Dow Chemical is conducting a situational analysis. According to its sales, Dow is the second largest chemical company in the world. BASF is the largest. Both companies use a similar strategy. Within Dow’s situational analysis, BASF would be classified as acash cow.primary firms.unrelated firm.core firm.secondary firm.