Competitor Intelligence Allows Managers to Do Which of the Following

question 89

Multiple Choice

Competitor intelligence allows managers to do which of the following?

• A)react to competitor actions
• B)cut cost below the competition
• C)increase market diversification
• D)anticipate competitor actions
• E)set equitable employee pay levels

---

Definitions:

FOB Destination

A shipping term indicating that the seller bears the shipping costs and remains responsible for the goods until they are received and signed for by the purchaser.

FOB Shipping Point

A shipping term indicating that the buyer assumes responsibility for the goods and the shipping costs as soon as the goods leave the seller's premises.

Consignment

An arrangement in which goods are left with a third party to sell, but the ownership remains with the supplier until the goods are sold.

Warranty Repairs

Warranty repairs are services provided to fix defects in products that are under warranty without additional charge to the consumer. These costs are often anticipated and accounted for by the manufacturer.