Operations Plan and Product/Service Development Plan – DiscussionWelcome to week 5!!! We are forging ahead towards Operating Decisions for our plan.After reading the assigned chapter please answer the following questions?1. How will you determine the right location?2. If you develop a service business, which operational aspects can lead to a competitive advantage?3. For your business, what is the single most important operating decision you need to make before startup?4. Does your product have value as an intellectual property?5. How can you protect it?