An Intelligence System That Helps Managers Assess Their Competition and Vendors

question 196

Multiple Choice

An intelligence system that helps managers assess their competition and vendors in order to become more efficient and effective competitors is called:

• A) competitive research
• B) competitive intelligence
• C) industrial espionage
• D) an audit
• E) differential competitive advantage

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Definitions:

Federal Income Tax

The annual income of individuals, corporations, trusts, and other legal entities is subject to a tax imposed by the IRS.

FICA Tax Rate

The combined percentage rate for Social Security and Medicare taxes that both employees and employers must pay based on earned income.

Hourly Wage

Compensation based on the number of hours worked, typically paid to employees on an hourly rather than salary basis.

FICA Tax

In the United States, mandatory deductions from employees' salaries to support Social Security and Medicare, known as federal taxes.