Which Statement Is TRUE About Hypercompetitive Industry

question 21

Multiple Choice

Which statement is TRUE about hypercompetitive industry?

• A) The chewing gum industry is hypercompetitive because innovations are frequent.
• B) The video game industry is hypercompetitive because new games are introduced frequently.
• C) The cell phone industry is not hypercompetitive because all cell phones basically do the same thing.
• D) The pizza industry is hypercompetitive because there are two main competitors.

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Definitions:

Personality

The combination of characteristics or qualities that form an individual's unique character, influencing how they think, feel, and behave.

Learned Thinking

The process by which one acquires new information or behaviors through experience, observation, or being taught.

Humanistic Approach

The humanistic approach in psychology emphasizes individual potential and stresses the importance of growth and self-actualization.

Personal Growth

The process of developing and enhancing one's personality, skills, and potential to better oneself and adapt to various life challenges.