Industries That Are Characterized by Permanent, Ongoing, Intense Competition Brought

question 21

Multiple Choice

Industries that are characterized by permanent, ongoing, intense competition brought about by advancing technology or changing customer tastes, fads, and fashions are an example of

• A)global competition.
• B)differentiated competition.
• C)focused competition.
• D)hypercompetition.

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Definitions:

Crisis of Consistency

A situation where there is a significant struggle to maintain uniformity and reliability in a product, service, or business practice, leading to potential customer dissatisfaction or loss of trust.

Legitimacy

refers to the perception of being lawful, proper, and appropriate within a given context, often influencing a brand's or organization's acceptance by its audience.

United Breaks Guitars

is a viral song and music video created by musician Dave Carroll, highlighting his negative customer service experience with United Airlines, focusing on the airline's mishandling of his guitar.

Polysemy

is the characteristic of a word, phrase, or symbol to have multiple meanings or interpretations.