Which of the Following Are Illegal Forms of Competitive Analysis

question 120

Multiple Choice

Which of the following are illegal forms of competitive analysis?

• A) Keep a file on competitors
• B) Buy competitors products and reverse engineer them to improve your own products.
• C) Consult published credit reports on your competitors.
• D) None of the above are illegal.

Identify the consequences of government interventions such as price ceilings and price floors.

Describe the characteristics and determinants of market equilibrium.

Explain the law of supply and the law of demand.

Understand the relationships between prices and quantity demanded or supplied.

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Definitions:

Liabilities

Financial obligations or debts that a company owes to outside parties, which must be paid back in the future.

Liabilities

Financial obligations or debts that an entity owes to others, which need to be settled over time via the transfer of economic benefits.

Creditors

Individuals or entities that a company owes money to for goods or services that have been delivered but not yet paid for.

Debtors

Individuals or companies that owe money to another party, often referred to in the context of accounts receivable.