________ Is Not a Basic Mission of a Competitive Intelligence

question 11

Multiple Choice

________ is not a basic mission of a competitive intelligence program.

• A) Providing a general understanding of an industry
• B) Providing a general understanding of a company's competitors
• C) Identifying industry executives who could be hired by the firm
• D) Identifying areas in which competitors are vulnerable and assessing the impact strategic actions would have on competitors
• E) Identifying potential moves a competitor might make that would endanger a firm's position in the market

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Definitions:

Minimum Efficient Scale

The smallest level of production at which a firm can achieve the lowest long-term average cost, allowing it to be competitively viable.

3-D Printers

3-D printers are machines that create three-dimensional objects by adding material layer by layer, based on digital models.

Third Industrial Revolution

The period characterized by the digital revolution and the use of electronics and information technology to automate production.

Law of Diminishing Returns

A principle stating that as one factor of production is increased while others are held constant, there comes a point at which the marginal gain in output begins to decrease.