The key implication of "hypercompetition" in business is that:
A)Competitive advantage is temporary
B)Technological change will continue to accelerate
C)"If it ain't broke,don't fix it" is an obsolete piece of advice
D)The concept of Schumpeterian competition needs to be updated to realities of the 21st century.

Question

Quizplus · Accepted Answer

The term "hypercompetition" implies intense and constant competition that results in a temporary competitive advantage. This means that companies must continuously innovate and adapt to stay ahead of the competition, as any advantage they gain will likely be short-lived.

The Key Implication of "Hypercompetition" in Business Is That