"Some of Our Competitors Are Putting Us to Shame with Their

question 121

Multiple Choice

"Some of our competitors are putting us to shame with their use of technology-not only out in the field, but at the current tradeshow," said Max. "I toured all of the tradeshow displays and took notes on what our competitors are doing, so that we can compare our practices and technologies with those of our competitors. I'll bet we can learn a thing or two." Max has been engaged in

• A)benchmarking.
• B)reverse mentoring.
• C)a SWOT analysis.
• D)a technology audit.
• E)a gap analysis.

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Definitions:

Incentives

Financial or non-financial rewards offered to encourage specific behaviors or actions among individuals or organizations.

Trade

The exchange of goods or services between parties in return for other goods, services, or money.

Gains From Trade

The benefits that entities receive from the voluntary exchange of goods or services, typically leading to an improvement in overall welfare.

Street Lighting

A service provided, often by local governments, that involves the installation and maintenance of public lighting along streets and in public areas for safety and visibility.