In Hypercompetitive Industries,competitive Advantage Comes from an Up-To-Date Knowledge of Environmental

question 96

True/False

In hypercompetitive industries,competitive advantage comes from an up-to-date knowledge of environmental trends and competitive activity coupled with a willingness to risk a current advantage for a possible new advantage.

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Definitions:

Reciprocity

A social principle that involves exchanging things with others for mutual benefit.

Attraction

A magnetic quality or force that draws individuals together, leading to friendship, love, or interest.

Kitty Genovese

A New York City woman whose 1964 murder prompted research into the bystander effect due to reports that witnesses failed to help her.

Brutal Assault

An extremely violent and aggressive attack on someone, typically resulting in severe physical harm.