Final answer:
The situation in which organizations are direct competitors and fully aware of the competition is described by high market commonality and high resource similarity. Two highly competitive industries are the smartphone industry and the fast food industry.
Step-by-step explanation:
The situation in which organizations are direct competitors and are fully aware of the competition is described by option a. High market commonality, high resource similarity.
High market commonality means that the organizations compete in the same markets and target the same customers. High resource similarity means that the organizations have similar resources and capabilities to compete.
An example of two highly competitive industries are the smartphone industry, where companies like Apple and Samsung compete for market share, and the fast food industry, where companies like McDonald's and Burger King compete for customers.