The Best Approach for a Company to Take When Monitoring

question 127

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 match 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:

Journal Bearings

Bearings that support a rotating shaft, where the shaft rotates within a lubricated sleeve or shell without rolling elements.

Tensile Strength

The maximum amount of tensile stress that a material can withstand before failure, an essential parameter in material selection and engineering design.

Hardness

A measure of a material's resistance to deformation, often assessed by indentation.

Chromium

A chemical element with symbol Cr, known for its hardness, high corrosion resistance, and ability to be polished to a high shine, often used in plating.