Industries that are characterized by permanent, ongoing, intense competition brought about by advancing technology or changing customer tastes, fads, and fashions are an example of
A)global competition.
B)differentiated competition.
C)focused competition.
D)hypercompetition.

Question

Quizplus · Accepted Answer

Hypercompetition refers to industries where there is constant and intense competition due to rapid technological changes and shifting consumer preferences.

Industries That Are Characterized by Permanent, Ongoing, Intense Competition Brought