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:

Illness

A condition that impairs normal physiological functioning, causing discomfort, dysfunction, or distress to the person affected.

Alternative Therapies

Therapeutic practices and treatments that are used instead of, or alongside, conventional medical treatments.

New Social Movement

A term used to describe the waves of collective action and activism that emerged since the 1960s, focusing on issues like environmentalism, feminism, and human rights.

Terminal Illnesses

Diseases or conditions that are incurable and irreversible and that are expected to lead to the death of the patient within a short period of time.