What are advantages and disadvantages of each strategy?

Consider this as an academic research paper. Thus, you must provide correct citations for each statement you make. You can utilize our textbook as a reference. Provide reference pages at the end of each question. Minimum length of answer for each question should be 2 pages single-space, excluding reference page, pictures, graph, tables, etc. 1.Explain Local Responsiveness and Global Integration. What are advantages and disadvantages of each strategy? How do firms utilize these? Provide real-life examples of each strategy.2.Is being “Foreignness” always a liability for the firm wanting to enter foreign markets? Could it be an asset? What are the advantages and disadvantages of being a foreign firm? Provide real-life examples. (Hint: watch the lecture on Ch 13. Liability of Foreignness)INSTRUCTIONS:1.Final exam will consist of 2 Essay questions.2.The minimum length of answers should be 2 pages each question, single space, Times New Roman, Size 12-Font.3.Consider these answers as academic essays, meaning you will include reference, examples, tables, graphs, etc.4.Reference pages should be located at the end of each answer.5.Here is the Matrixa.Clearly and concisely provide definitions of each terms. b.Explain each concept thoroughly to show that one truly understands the concepts.c.Provide real-life examples of each concept to show that one can employ the concepts in real-life events ( I am a college student and I am a female, please use an example that can fits me)i.Make sure to provide own examples. DO NOT use existing examples from our Textbook or lectures!!!!!!!!d.Utilizing graph, tables, pictures, etc. will be pluse.Provide credible citationsi.Each reference page at the end of answerii.You can utilize our textbook as a referenceiii.Follow APA format that we have been using so far