In the following passage, some words have been deleted. Fill in the blanks with the help of the alternatives given. Select the most appropriate option for each number.

Recently, business managers in the West      (1)      on the suggestions and opinions of journalists and academics who specialize in writing about business, to steer their organizations towards building long-term, cooperative and strategic relationships with external stakeholders. This has come as an instinctive response      (2)      several studies done in the last ten years that have shown how the Japanese business practices compare with those of the rest of the world. When a successful Japanese company and its efficient supervision of its partners were studied, it made the Western business world believe that strategic collaborations are critical and as a result of this, many companies of the United States and Europe have      (3)      such collaborations. However, it has been found through new research that the belief that Japanese organizations make use of strategic collaborations is      (4)     . Contrary to popular belief, Japanese companies not only make very little use of strategic collaboration but also      (5)      free-market exchange wherein business partners can turn to the market at their own free will, thus altering their existing collaborations.