(Answered) Please answer the 1st and 2nd questions in your own words

Management Studies

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?

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