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Reаd the bаckgrоund nаrrative fоr Starbucks that was handed оut in class to answer this question. Provide your answers on the handout provided. Remember to put your name on your paper. Part 1: Diagram the Value Chain (5 points)Using the value chain framework discussed in your textbook, label the value chain's primary activities. Ensure your diagram includes all the major elements. Part 2: Apply the Value Chain to Starbucks (20 points)Based on the narrative above, identify how Starbucks performs each element of the value chain. Summarize its role in Starbucks’ value chain. Provide an example of how it adds value to Starbucks’ customers or enhances its competitive advantage. Grading Notes: In Part 1, your diagram should accurately depict the value chain structure. In Part 2, your analysis should align with the narrative provided and demonstrate a clear understanding of value chain concepts.