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:

Extortion

The criminal act of obtaining money, property, or services from an individual or institution through coercion.

Shoplifting

A criminal act of stealing goods from a retail establishment without paying for them.

Sarbanes-Oxley Act

A federal law enacted in 2002 to protect investors from fraudulent accounting activities by corporations.

Accounting Oversight Board

A regulatory organization that oversees the audits of public companies to protect the interests of investors and further the public interest in the preparation of informative, fair, and independent audit reports.