Identify two companies that have time-based strategies, and two that have quality-based strategies. Time-based strategy1. FedEx: FedEx has built its entire business model around time-based strategies. They are known for their commitment to fast and reliable package delivery services, offering options like overnight and same-day delivery.2. Zara: The fast-fashion retailer Zara is well-known for its time-based strategy in the fashion industry. They prioritize getting the latest fashion trends to their stores quickly, allowing them to adapt and respond to changing customer preferences rapidly.Quality-based strategy 1. Apple: Apple is a company that is widely recognized for its quality-based strategy. Their products, such as the iPhone and MacBook, are known for their design, reliability, and build quality. Apple's focus on superior craftsmanship and attention to detail has created a strong brand associated with quality.2. McDonald's: While McDonald's is a fast-food chain, they have a strong quality-based strategy when it comes to food safety, consistency, and customer experience. They have strict quality control measures in place to ensure their food meets specific standards at all their locations worldwide.Problems 3Compute the multifactor productivity measure for each of the weeks shown for production of chocolate bars. What do the productivity figures suggest? Assume 40-hours work in a week and an hourly wage of $12. Overhead is 1.5 times weekly labor cost. Material cost is $6 per pound.