In the increasingly hypercompetitive global economy today,distinctive competencies and competitive advantages:
A) Are commonplace
B) Are a prerequisite to being in business for the short-term
C) Are particularly durable
D) Can fade quickly

Question

Quizplus · Accepted Answer

Distinctive competencies and competitive advantages can fade quickly in the hypercompetitive global economy. The market is constantly changing and new players are always entering, making it difficult for any one company to maintain a long-lasting advantage. Therefore, it is important for companies to continuously innovate and improve their offerings to stay ahead.

In the Increasingly Hypercompetitive Global Economy Today,distinctive Competencies and Competitive