Compensation should be based on the positioning of the firm, the severity of the failure, and who the specific affected customer is

"Hypercompetition" is a term that describes a business environment of escalating rivalry characterized by rapid product innovation and short product life cycles

Indicate whether the statement is true or false

Which of the following statements is a feature of the study of the legal environment of business?

A) It is designed to maximize enrollment at schools of law throughout the United States. B) It develops an understanding that the law is dynamic, not static. C) It encourages the search for the one true answer to each legal question. D) It is based on the Platonic system of social control.