What competitive advantage can these companies have with these processes?

Assignment:This week we examine the four process strategies. You are to pick a strategy and apply it to a specific company and answer the questions below. Do this for all four strategies. Note, you don’t have to use the same company. You can use four different companies.• What competitive advantage can these companies have with these processes? • How does setup effect these process strategies?• How can setup time be reduced?Assignment format:Apply one strategy to one company and answer the three questions above.