Final answer:
The true statement that technology and the global economy are the primary drivers of hyper-competition reflects how advancements in communications and globalization have significantly increased competition by connecting consumers and businesses globally.
Step-by-step explanation:
The statement that the two primary drivers of hyper-competition are the emergence of the global economy and technology is indeed true.
The hyper-competitive environment observed in recent times can be largely attributed to the advancement of technology and the growth of globalization. The vast improvements in communications technologies, such as the development of the internet, have allowed consumers and businesses to connect with suppliers and markets from across the globe, thereby increasing the level of competition among local and regional businesses.
With these advancements, consumers can order products and services from anywhere in the world, which forces local retail businesses to compete not just with their traditional competitors, but with global entities as well.
Similarly, business-to-business websites have allowed suppliers and buyers from different countries to find each other easily, amplifying competition in the markets for business supplies. These interrelated shifts in globalization and technology have redefined markets and intensified the competitive landscape.