Select a retail company for which you have great familiarity (i.e., WalMart, Target, Best Buy, Kroger).Answer the following questions, making sure you analyze and explainin detail. Cite your sources within your answer and on a referencepage. Limit of one page per question.1. Explain one of the five generic competitive strategies bestcharacterized your company’s strategic approach to competingsuccessfully. Justify your answer.2. Explain which rival companies appear to be employing a low-cost provider strategy. Justify your answer.3. Explain which rival companies appear to be employing a broad differentiation strategy. Justify your answer.4. Explain which rival companies appear to be employing a best-cost provider strategy. Justify your answer.5. Explain which rival companies appear to be employing some type of focus strategy. Justify your answer.6. Provide and discuss three specific actions that your company usesto achieve a sustainable competitive advantage over rival companies.What actions do competitors employ to combat these actions? Justifyyour answer.