True or False Businesses in highly competitive markets typically have a positive accounting profit and but not a positive economic profit.

True or False Competitive advantage is the elimination of some of the conditions for perfect competition so that economic profit is possible.

True or False Capital budgeting much like strategic planning begins with the establishing of goals.

True or False To continue delivering their missions, many non-profit organizations (while working for social causes) seek to maintain or increase wealth as if they were profit seeking businesses.

True or False It is uncommon for different stages of the value chain (from the purchase of raw materials, producing the product, to selling the product) to be performed in different part of the world.