The degree of competitiveness in an industry can affect
A)product innovation
B)technological investment
C)operating strategy
D)all of the above

Question

Quizplus · Accepted Answer

The degree of competitiveness in an industry can affect all of the above- product innovation, technological investment, and operating strategy. When the competition is high, businesses tend to invest more in research and development to come up with innovative products and technologies to stay ahead of the competition. They also tend to adopt new operating strategies to streamline their operations and reduce costs, thus providing them with a competitive edge. On the other hand, when the competition is low, businesses may not feel the pressure to invest in innovation or change their operating strategies.

The Degree of Competitiveness in an Industry Can Affect