Hypercompetition makes it ________ for an organization to maintain a competitive advantage.

Question

Quizplus · Accepted Answer

Hypercompetition refers to a dynamic market condition characterized by intense and rapid competition where companies have to focus on constantly improving products, services, and strategies to stay competitive. In such a scenario, it becomes increasingly difficult for an organization to maintain a sustained competitive advantage, as competitors are constantly innovating and introducing new products and services. Therefore, option B, difficult, is the correct answer.

Hypercompetition Makes It ________ for an Organization to Maintain a Competitive