QUESTION 1

1. Which statement best describes a low-cost strategy?

   		Provide a unique product
   		Provide a unique product to a new market
   		Provide the lowest cost product
   		Provide the lowest cost product to an existing market

2. "According to Robert Kegan, systems thinking does not appear until later in life, if at all"

   True

   False

3. What technical training does the author credit for his rise in the organization?

   		Statistics
   		Management
   		Accounting
   		Psychology

4. Which of the following is NOT a disadvantage of vertical integration?

   		Too many eggs in one basket
   		Management does not know the business
   		"The company purchased becomes an internal unit, no competitive incentives"
   		Less control over the supply chain

5. "According to Neurolinguistic Programming (NLP), we make internal representations (a map) of"

   		Business strategies
   		The personal conflicts
   		Reality
   		SWOT analyses