A paradigm shift occurs when a new radical form of business enters the market that reshapes the way companies and organizations behave.

Question

Quizplus · Accepted Answer

A paradigm shift refers to a fundamental change in the approach or underlying assumptions in a particular field. In the context of business, when a new, radical form of business enters the market, it can indeed reshape the way companies and organizations operate, leading to a paradigm shift in how business is conducted within that industry.

A Paradigm Shift Occurs When a New Radical Form of Business