The Best Approach for a Company to Take When Monitoring

question 38

Multiple Choice

The best approach for a company to take when monitoring its competitors is

• A) watching for increases and decreases in competitors' prices and matching them.
• B) analyzing all information that is readily available about competitors.
• C) sending employees to competitors' offices and factories to observe their actions.
• D) developing a system for gathering ongoing information about competitors.
• E) reading important business publications such as The Wall Street Journal.

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Definitions:

Lacked Clarity

A condition where information or statements are not understandable or are ambiguous.

Reasoning Ability

The capacity to analyze information, solve problems, and make logical decisions based on available data.

Performance Appraisal

A systematic evaluation of an employee's performance in their job roles and contributions to the organization.

Quality

The standard of something as measured against other things of a similar kind; the degree of excellence of something.