In the Patent Analysis Case Study, Text Mining of Thousands

question 64

True/False

In the patent analysis case study, text mining of thousands of patents held by the firm and its competitors helped improve competitive intelligence, but was of little use in identifying complementary products.

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Definitions:

Trade Balance

A measure of a country's exports minus its imports, indicating whether a country is in a surplus or deficit trade position.

Imports

Goods or services brought into one country from another for sale, which can affect a nation's economy in various ways.

Exports

Products or services shipped from one country to another for the purpose of sale or exchange.

Arbitragers

Individuals or entities that attempt to profit from differences in prices across markets by simultaneously buying and selling similar or identical assets.