The Market Sensing Process of _____ Helps to Study and Understand

question 34

Multiple Choice

The market sensing process of _____ helps to study and understand changes that occur in the markets and avoid complacency in reacting to such changes.

• A) building open-minded inquiry
• B) analyzing competitors' actions
• C) listening to front-line employees
• D) searching for latent customer needs

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Definitions:

Incidental Beneficiary

A third party who benefits from a contract between two other parties, without being specifically intended to benefit by those parties.

Intended Beneficiary

A person or entity for whom a contract is specifically made to benefit, having the legal right to enforce the contract if not fulfilled.

Assignable

The capability of a contract or other legal document to be transferred from one party to another.

Membership

The state or condition of being a member or part of an organization or group.