Studebaker Corporation, one of the earliest auto manufacturers, prospered in the late 1940's and into the 1950's. Its advertising after World War II emphasized quality of design and production. The corporation also used the stability of its work force in its advertisements, often featuring pictures of father and son working side by side in its factories. Required: (a) From just this brief description of Studebaker Corporation, which type of competitive strategy-cost leadership or differentiation,-would you guess Studebaker was using? Explain your choice. (b) Given your answer in Part (a), speculate on what market factors might have caused the corporation to go into bankruptcy and cease production in the mid-1960s.