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The External Environment in Which Firms Compete Exerts a Strong

question 134

True/False

The external environment in which firms compete exerts a strong influence on firms' profitability.


Definitions:

Thrive

describes a state of flourishing or prospering, often characterized by success, development, or healthy growth in personal, professional, or biological contexts.

Profound Adversity

Severe and extreme difficulties or misfortunes, often leading to significant emotional, physical, or psychological stress.

Resilience

The capacity to recover quickly from difficulties; toughness or the ability to bounce back from life's challenges.

Psychoneuroimmunology

The study of the interactions between psychological processes, the nervous system, and the immune system, emphasizing the impact of emotional and cognitive factors on health.

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