Describe the VRIO framework.

1.Describe an external analysis.2.Analyze the two levels of the environment.3.Identify and define the three elements of the S-C-P model.Part C: Internal AnalysisPart C refers to the material in Lesson 3 of this course. Using logical, clear writing, do the following:1.Describe an internal analysis.2.Explain resources and capabilities.3.Describe the VRIO framework.Part D: Cost LeadershipPart D refers to the material in Lesson 4 of this course. Using logical, clear writing, do the following:1.Differentiate between business strategies and corporate strategies and define the nature of a cost-leadership strategy.2.Identify six sources of cost advantages for firms.3.Identify the most appropriate organizational structure for a firm pursuing a cost-leadership strategy.