New innovations in agricultural products are as likely to come today from chemical and biotechnology companies as traditional food/seed firms.This is an example of:

Question

Quizplus · Accepted Answer

Competitive volatility refers to the unpredictable changes and intense competition within an industry, such as the agricultural sector, where traditional boundaries between companies (like those between chemical/biotech firms and traditional food/seed companies) blur due to new innovations. This unpredictability and the broadening scope of competition exemplify competitive volatility.

New Innovations in Agricultural Products Are as Likely to Come