The Preferred Technique/tool Used to Determine the Strategies of Organizations

question 64

Multiple Choice

The preferred technique/tool used to determine the strategies of organizations serving the same market as your own organization is:

• A) Competitive analysis.
• B) Benchmarking.
• C) Industry trade association data research.
• D) Survey of competitor 's customers.

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Definitions:

Exercise Power

The act of utilizing authority or influence to affect outcomes or behaviors in others.

Party

A social gathering of invited guests, typically involving eating, drinking, entertainment, and sometimes specific celebrations.

Proletariat

The class of workers in capitalist societies who do not own the means of production and whose main source of income is the sale of their labor power.

Class

A category or grouping of people in society often defined by economic, social, or professional status.