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:

Career Choice

The process of deciding on a specific path or direction for one's professional life, often influenced by personal interests, values, and external factors.

Nontraditional Students

Individuals who pursue tertiary education at an older age than typical undergraduates, often juggling education with other responsibilities like work or family.

Practical Details

Specific, actionable aspects or considerations that relate to the implementation or operation of a plan, project, or activity.

Cultural Variation

Differences in beliefs, behaviors, language, traditions, and customs among various groups within and across societies.