Porter argues that an absence of domestic rivalry is vital to the creation and persistence of international competitive advantage in an industry
Indicate whether the statement is true or false.
FALSE
Porter argues that there is a strong association between vigorous domestic rivalry and the creation and persistence of competitive advantage in an industry. Vigorous domestic rivalry induces firms to look for ways to improve efficiency, which makes them better international competitors.
Business
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Venture teams are cross-functional groups charged with developing a specific product or business
Indicate whether the statement is true or false
Business
A system in which individuals, rather than the government, make the majority of economic decisions is commonly referred to as a ________
A) command economy B) market economy C) private economy D) mixed economy
Business