Asked by oscar figueroa on Sep 26, 2024

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A business ecosystem is an economic community of organizations and all their stakeholders.

Business Ecosystem

An economic community supported by a foundation of interacting organizations and individuals—the organisms of the business world.

Economic Community

A group of countries or regions that form an agreement to promote economic cooperation and integration among its members, often through trade liberalization, common policies, and shared goals.

  • Explain the functions of both competitive and cooperative interactions in a corporate environment.
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ME
Maggie Eddleman2 days ago
Final Answer :
True
Explanation :
A business ecosystem refers to a network of companies, suppliers, customers, competitors, and other stakeholders that interact and collaborate in a specific industry or market. It also includes government agencies, regulatory bodies, and other institutions that impact the business environment.