Please answer the 1st and 2nd questions in your own words under taking stock at the end of Chapter 1. The first question begins with "What are the trade-offs etc. (400 words minimum - in your own words). Clearly indicate when you are quoting from another source.
1. What are tradeoffs? Why is careful consideration of trade is-offs important in decision making?
2. Why is it important for the various areas of a business organization to collaborate?