1- Explain what determines price elasticity of demand. Discuss how it impacts a firm’s strategy.

1- Explain what determines price elasticity of demand. Discuss how it impacts a firm’s strategy.

2- Explain Comparative advantages and apply it on the real world.

3- Explain Porters five forces theory.

4- Explain value Creation theory.

5- Explain how barriers to entry are created. Give at least three real world examples of entry barriers.

Also in one page compere theses 2 papers:

* Please compare these 2 papers, the first one talks about Amazon, and the other one is about Dunkin Donuts .

Both papers talks about the competitive advantage, I want you to compare them in terms of the analysts and in terms of applying the Competitive advantages theory on the two companies.