To Plan Effective Marketing Strategies,the Company Needs to Find Out

question 65

Multiple Choice

To plan effective marketing strategies,the company needs to find out all it can about its competitors.It must constantly compare its marketing strategies,products,prices,channels,and promotion with those of close competitors.This is an example of _ .

• A)customer value analysis
• B)product leadership
• C)competitor analysis
• D)continuous innovation
• E)benchmarking

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Definitions:

Preexisting Contract

A legal agreement that was created and became effective before the current discussion or issue.

Additional Consideration

Extra benefits or compensation provided to one party in a contract to modify or amend the original terms.

Consideration

In contract law, consideration is the benefit or value that parties agree to exchange, which is necessary for a contract to be legally binding.

Enforceable Transactions

Legal agreements or contracts that can be upheld and compelled by law.