QUESTION 5 Corporate intelligence can be defined as a systematic and ethical process for gathering and analyzing information about the activities and general business trends of the competition, to further a business's own goals. True False QUESTION 6 There is no need for a mission statement in small, nonprofit organizations. O True False QUESTION 7 Understanding both external and internal factors and, more importantly, understanding the relationships among them, will be the key to effective strategy formulation. True O False QUESTION 8 An effective Cl program allows all areas of a firm to access consistent and verifiable information in making decisions. True False QUESTION 9 Whenever new firms can easily enter a particular industry, the intensity of competitiveness among firms increases. O fluctuates. stays the same decreases Click Save and Submit to save and submit. Click Save All Answers to save all answers Save All Answers