Discuss the Need to Understand Competitors as Well as Customers

question 88

Essay

Discuss the need to understand competitors as well as customers through competitor analysis.

---

Definitions:

Board of Director's Approval

Formal sanction or consent given by a company's board for specific actions or decisions.

Assets

Economic resources or valuable items owned by an individual or business, capable of being converted into cash.

Dissenting Shareholder

A shareholder who disagrees with a corporate decision and is granted certain rights, like the right to be bought out under specific conditions.

Appraisal Right

A dissenting shareholder’s right to have his or her shares appraised and to receive monetary compensation from the corporation for their value.