11 (8 points) Managers sometimes choose erroneously to diversify their companies' product offering to many unique industries because they are motivated by power and status, also known as CEO hubris. Question 11 options: True False Question 12 (8 points) During the introduction/birth stage of the product life cycle Question 12 options: Firm growth related a firm producing the product is expected to decline Demand for the product steadily decreases Strategies to manage the decline in growth must be utilized and managed Activities ensuring significant levels of market share for product sales in the industry are important Question 13 (8 points) During the maturity stage of the industry life cycle Question 13 options: High-volume production tends to dominate the industry First-mover advantages are commonly available Firms have their first opportunities to create entry barriers Product obsolescence continues to make products/services nearly unattainable Question 14 (8 points) Which functional area is largely responsible for spanning the boundary of the organization to interact with customers Question 14 options: finance production marketing accounting Question 15 (8 points) Which organizational level is organized around inputs or activities that are required to produce products and has a high level of centralization Question 15 options: Network/Matrix structure Multi-divisional structure Functional structure Concrete stucture