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Which of the following are identified by your text as a strategy for managing operating exposure: 1) Selecting low-cost production sites
2) Flexible sourcing policy
3) Diversification of the market
4) Product differentiation and R&D efforts
5) Financial Hedging
Schemas
Mental structures that an individual uses to organize knowledge and guide cognitive processes and behavior.
Abstract Thought
The ability to think about objects, principles, and ideas that are not physically present, a key component of higher-level cognition.
Conservation
In cognitive development, the understanding that properties such as volume, mass, and number remain the same despite changes in the forms or appearances of objects.
Quantity
A property that exists as magnitude or multitude, referring to the amount or number of a material or immaterial thing.
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