Performing Competitive Intelligence on Rivals' Strategies and Actions Does Not

question 73

True/False

Performing competitive intelligence on rivals' strategies and actions does not mean that entrepreneurs must engage in unethical or illegal espionage activities.

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Definitions:

Short-run Equilibrium

A state in which market supply and demand balance each other, and, as a result, prices become stable temporarily.

Global Pollution

Environmental damage that crosses international borders, affecting air, water, and land on a worldwide scale.

Aggregate Supply

The total supply of goods and services that firms in an economy are willing to sell at a given overall price level and in a given time period.

Aggregate Demand

The combined appetite for every good and service across an economy, pegged at a general price level during an established time period.