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Competitors May Find It Difficult to Identify Why an Organisation

question 44

Multiple Choice

Competitors may find it difficult to identify why an organisation is successful, and thus find it difficult to imitate it. What term is used for this situation?


Definitions:

Legal Structure

The organization of a business as determined by its legal status, such as a sole proprietorship, partnership, corporation, or LLC.

Property Income

Property income refers to earnings one receives from property investments, including rents, dividends, and interest.

Politically Directed Spending

Government expenditure that is determined more by political considerations than by economic efficiency or need.

Rent-seeking Activity

Efforts by individuals or entities to increase their share of existing wealth without creating new wealth, often through manipulation or exploitation of resources.

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