In a(an) __________________ environment, a firm competes on the basis of price, quality, timing and know-how, creating strongholds in the markets in which it
Operates, and financial resources to outlast one's competitors.

Question

Quizplus · Accepted Answer

Hypercompetition refers to an environment where firms compete intensely on multiple fronts such as price, quality, timing, and know-how, aiming to create strong market positions and leverage financial resources to outlast competitors.

In A(an) __________________ Environment, a Firm Competes on the Basis