Consider the following series of independent situations in which a firm is about to make a strategic decision. Decisions a. A popular restaurant is considering hiring and training inexperienced cooks. The restaurant will no longer hire experienced chefs. b. An office supply store is considering adding a delivery service that its competitors do not have. Required: 1. For each decision, state whether the company is following a cost leadership or a product differentiation strategy. 2. For each decision, discuss what information the managerial accountant can provide about the source of competitive advantage for these firms.