(1)What are sources of cost advantage and how does it affect

(1)What are sources of cost advantage and how does it affect a company’s strategy? (2)Can you explain three ways that economies of scale produce cost advantages? Can you identify a company that has implemented economies of scale to achieve superior cost advantages?(3)Identify ways a company can improve its performance in order to effectively face the completion.(4)What is the role of strategic planning in creating value for the organization? Can you provide an example of how a company uses strategic planning to create value for its organization?(5)Identify ways a company can improve its performance in order to effectively face the completion.(6)What is the role of strategic planning in creating value for the organization? Can you provide an example of how a company uses strategic planning to create value for its organization?(7)What are the ethical tensions in advertising? Who are the responsible parties for keeping advertising ethical and what is their specific responsibilities? PART B – PAPER Purpose of Assignment The purpose of this assignment is to help students understand the influence that ethics and social responsibilities have on the strategic planning process. Assignment StepsWrite a 700-word report in which you address the following: Define and explain the role of ethics and social responsibility in developing a strategic plan while considering stakeholder needs and agendas.Include at least one example of a company overstepping ethical boundaries for stakeholder agendas, and identify what types of preventative measures could be taken to avoid this type of situation. Cite 3 scholarly referencesFormat your paper consistent with APA guidelines.