Define Competitive Intelligence

question 61

Essay

Define competitive intelligence.

Apply the SMART criteria to evaluate goals and missions.

Define the roles and processes of team thinking and task accomplishment.

Differentiate between various sources and types of power within a group or team.

Comprehend approaches to group productivity and member interaction.

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Definitions:

Herfindahl Index

A measure of market concentration that sums the squares of the market shares of all firms within an industry.

Economic Profit

The profit or loss calculated by taking the total revenue of a firm and subtracting all its costs, both direct and indirect.

Market Power

The ability of a firm or group of firms to control prices and total market output, often as a result of monopoly or oligopoly market structures.