When an Industry Undergoes an Ever-Increasing Level of Environmental Uncertainty

question 27

Multiple Choice

When an industry undergoes an ever-increasing level of environmental uncertainty in which competitive advantage is only temporary, this is called

• A) hypercompetition.
• B) the chaos scenario.
• C) industry consolidation.
• D) industry fragmentation.
• E) global competition.

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Definitions:

Low Energy Level

A state of reduced physical or mental activity, often signifying decreased vitality and stamina available for tasks.

Tolerance For Ambiguity

The ability to remain comfortable and function effectively in situations that are uncertain, unclear, or unfamiliar.

Internal Locus

A psychological term referring to individuals who believe they can control their own destiny and outcomes through their actions.