The Key Implication of "Hypercompetition" in Business Is That

question 41

Multiple Choice

The key implication of "hypercompetition" in business is that:

• A)Competitive advantage is temporary
• B)Technological change will continue to accelerate
• C)"If it ain't broke,don't fix it" is an obsolete piece of advice
• D)The concept of Schumpeterian competition needs to be updated to realities of the 21st century.

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Definitions:

Confederate

In psychological research, a confederate is someone who pretends to be a participant but is actually working with the researchers, often used in studies to manipulate social situations.

Scientific Method

A systematic and logical approach to the discovery of new information, based on empirical evidence and characterized by observation, experimentation, and hypothesis testing.

Social Psychologist

A professional who studies how people’s thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.

Numerical Trends

Patterns or directions that emerge from the analysis of numerical data over a period of time.