Which of the following is true about co-opetition? 1) the term co-opetition was coined by bill gates, the founder of software firm microsoft. 2) firms engaged in co-opetition can be described as "frienemies" - part friends and part enemies. 3) firms engaged in co-opetition compete in activities located far in the value chain from customers. 4) it views competition and cooperation as two separate and distinct processes. 5) firms engaged in co-opetition must cooperate in activities that occur close to customers.

1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)