Question: Hyper - competitive environments are characterized by the followings ( check all that apply ) : Group of answer choices Competitive advantages are rapidly created

Hyper-competitive environments are characterized by the followings (check all that apply):
Group of answer choices
Competitive advantages are rapidly created and eroded
Firms shall prioritize defending their existing competitive advantage
Firms shall consider "creative destruction" as a competitive practice
Firms shall focus on cost leadership as a competitive strategy

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