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The term business ecosystem describes the interplay between the various organizational forces within a firm.

A) True
B) False

1 Answer

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Final answer:

False, The term business ecosystem refers to the broad network of interacting organizations within a business environment, not just the internal organizational forces of a single firm.

Step-by-step explanation:

The term business ecosystem does not simply describe the interplay between the various organizational forces within a firm; this is a false statement. Instead, the term more broadly describes the network of organizations—including suppliers, distributors, customers, competitors, government agencies, and so on—that interact with each other within a particular business environment. The concept is similar to biological ecosystems in that businesses within an ecosystem interact with and are dependent upon one another, thus creating a complex array of relationships.

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