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Nokia's Reversal of Fortune at the Hands of Apple and Google

question 63

True/False

Nokia's reversal of fortune at the hands of Apple and Google underscores the fact that today's executives must rethink the concept of the corporation if they wish to operationalize the concept of core competencies.


Definitions:

Nonrival-in-consumption

A property of a good whereby one person's consumption does not diminish the utility of that good for others.

Consumption

The process by which goods and services are used up by consumers, reflecting the end use of products and services in an economy.

Nonpaying Customers

Individuals or entities that receive goods or services without providing payment or compensation.

External Benefits

refer to positive effects of a transaction or activity on third parties who are not directly involved in the transaction.

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