The Survival of the Fittest tells us:
A) only the most innovative and adaptive firms are likely to survive competition.
B) only the most innovative and adaptive firms are likely to attract more competition.
C) only the least innovative and adaptive firms are likely to survive competition.
D) only the most innovative and adaptive firms are likely to migrate to other products.

Question

Quizplus · Accepted Answer

The concept of Survival of the Fittest, often associated with evolutionary theory, suggests that only the most innovative and adaptive organisms (or in this case, firms) are likely to thrive in a competitive environment. This means that firms that are able to adjust to changing market conditions, customer preferences, and technological advancements are more likely to survive and succeed, while those that are unable to do so may eventually fail or go out of business. Therefore, choice A, which states that only the most innovative and adaptive firms are likely to survive competition, is the best answer.

The Survival of the Fittest Tells Us