The ability to adapt to change or to initiate it is most important in industries where ________.
A) the industry products are standard
B) future competition is difficult to forecast
C) technological change is static
D) product demand is stable

Question

Quizplus · Accepted Answer

In industries where future competition is difficult to forecast, the ability to adapt to change or to initiate it is crucial for businesses to stay ahead of the competition and respond to shifting market conditions. In industries with standard products or stable demand, there may be less need for constant adaptation and innovation. In industries where technological change is static, there may be less need for immediate adaptation but the industry could eventually become obsolete if it is unable to keep up with technological advancements.

The Ability to Adapt to Change or to Initiate It