Business Strategy and Forecasting as Competitive AdvantagesWrite a paper about PepsiCo that includes the following sections, organized using APA headings (not the Part letter).Part A: Introduce the paper with the background and information about the business, and the thesis for your paper (1 paragraph).Part B: Explain, using Teeces (2010) research article as a basis for your assignment: The business model. The business strategy by: Segmenting the market. Creating a value proposition for each segment. Describing the apparatus to deliver the value. Creating the preventative methods to avoid being imitated (p. 180). The businesss competitive advantage, using Teeces definition and explanation as support (35 paragraphs).Part C: Describe the main advantage your business’s main competitor has against the business. Analyze, using the Red Queen effect articles, [Derfus, Maggitti, Grimm, and Smith (2008) and Giachetti, Lampel, and La Pira (2017)], your business’s potential problem caused by its competition’s solution to the Red Queen effect. Include in your analysis one paragraph that synthetically presents each of the Red Queen articles’ main themes, research findings, and implications. Explain how the concepts of Red Queen effect have grown from 2008 to 2017 (at least 2 paragraphs). In one paragraph, explain your one recommended action as a solution to the problem caused by the competitor’s action. Describe whether or how it could increase competitiveness.Part D: Conclusion. Summarize the main points of your paper and leave the reader with a thought to go forward with as an implication or recommendation from your ideas and analysis.Part E: References. Include a list of all references used. Use at least 4 references: the three required readings, and one supporting your information about your selected business. Use APA 6th edition on your paper and submit a paper free from errors and of high academic quality.Refer to the scoring guide to ensure you have covered all the requirements.Derfus, P. J., Maggitti, P. G., Grimm, C. M., & Smith, K. G. (2008). The red queen effect: Competitive actions and firm performance. Academy of Management Journal, 51(1), 6180.Giachetti, C., Lampel, J., & Li Pira, S. (2017). Red queen competitive imitation in the U.K. mobile phone industry. Academy of Management Journal, 60(5), 18821914.Teece, D. J. (2010). Business models, business strategy and innovation. Long Range Planning, 43(23), 172194.