Short Answer $(1-2$ paragraphs$)$ Under what conditions might horizontal integration bes ificonsabent Wht the goal of maximizing profitahilty?

Short Answer paragraphs$)$: What is the difference betwaen a company's intemal value chain and the industry value chain? What is ine relationship vetween vertical ritegration and the industry value chain?

$3$ Short Answer $(2$ paragraphs$)$ When is a company likely to choose $($a$)$ related diveruficationi aral $($ts$)$ unrelated diversification?

Short Answer $(1-2$ paragrapha$)$: Under which conditions are jont ventures a useful way to enter new industries?

Short Essary $-4$ parographsk How might a company configire its alrategy$-$making processes to reduce the probabily that managers will pursue their cwn self$-$interest at the expense of stockholders?

Short Answer $(3$ paragraphs$)$ What kind af structure, controts, incenswes, and culture wouid you be likely to find in $($a$)$ a smali manufacturing company uased in a stabie emironment, $($b$)$ a high$-$lech company based in a rapidly changrig markel, and $($c$)$ a Big Four accounting firm?