apply the theories and knowledge while with each question. demonstrate critical analysis, and provide a considered and comprehensive evaluation. 1. What are the implications of price wars for a company? How should a company try to deal with the threat of a price war? 2. Why is it important to understand the drivers of profitability, as measured by the return on invested capital?3.Read the case study will send shortly to answer for this question. . Do you think that Amazon has any rare and valuable resources? In what value creation activities are these resources located? How sustainable is Amazon’s competitive position in the online retail business?4What do we mean by the term value innovation? Can you identify a company not discussed in the text that has established a strong competitive position through value innovation?5.Read the case study on Nordstrom_Case) answer questions a) WhatactionstakenatthefunctionallevelhaveenabledNordstromto successfully implement its strategy?b) WhatisthesourceofNordstrom’slong-termcompetitiveadvantage?What valuable and rare resources does Nordstrom have that its rivals find difficult to imitate?