solved This is our vision statement bolded: based off of this

This is our vision statement bolded: based off of this , answer the 3 questions below.Chester company is the most profitable company for providing unique and the highest quality products to our customers in the industry. In Year 8, we gain a competitive advantage by distinguishing products with an excellent design, high awareness and easy accessibility and are focused on all segments to be great. Traditional – two products such as Cake and Ceder. Capacity will be 1900. Automation level will be 6.5. Low End – one product such as Cedar. Capacity will be 1500. Automation level will be 6.5. High End – two products such as Cid and Coat. Capacity will be 1000. Automation level will be 4.0. Performance – two products such as Coat and Cake. Capacity will be 1800. Automation level will be 5.0. Size – two products such as Cure and Cake. Capacity will be 1800. Automation level will be 5.0. We have enough capacity to meet the demand that we generate. We increase automation level to improve margin. We have 5 products such as Cake, Cedar, Cid, Coat, and Cure which we have kept and maintained since Year 1. We offer customers products that match their ideal criteria for positioning, age, and reliability. We develop good R&D competency that keeps our product fresh and exciting. We gain a competitive advantage by distinguishing products with an excellent design, high awareness and easy accessibility. Our products have a higher price on the market. We are spending a good amount of money on promotion and sales in all segments. We make sure that our customers can find our products easily. The score of our customer survey is above 50. We are financing our investment primarily through stock issues and cash from operations, supplementing bond offerings on an as needed basis. We try not to have debt, and prefer to avoid interest payments. We keep leverage between 1.5 and 2.0. We offer 60 days credit terms to loyal customers. We give our earnings less reinvestment to our stockholders. Our AP policy is 10 days. Our employees are well trained because we send each employee to training for 80 hours every year. We spend $5000 on recruiting new people. We constantly look for talented people to recruit. You would use these competencies to develop competitive advantages. For example, competencies in automation and human resources could lead to a competitive advantage in cost leadership. Competencies in awareness, accessibility, and design could lead to a competitive advantage built upon differentiation.With this as background, present an argument for your teammates.1. What are the top three competencies you believe necessary to execute your vision and strategy?2. What decisions do you need to make to develop these competencies?3. How will they produce competitive advantage?