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) a joint venture.
B) differentiation.
C) diverse competition.
D) focused competition.
E) hypercompetition.

Question

Quizplus · Accepted Answer

The term hypercompetition applies to industries that are characterized by permanent,ongoing,intense competition brought about by advancing technology or changing customer tastes and fads and fashions.Clearly,planning and strategy formulation are much more difficult and risky when hypercompetition prevails in an industry.

Industries That Are Characterized by Permanent,ongoing,intense Competition Brought About by Advancing