Which of the Following Is Not a Recommended Method of Collecting

question 49

Multiple Choice

Which of the following is not a recommended method of collecting competitive intelligence?

• A)Attend trade shows and collect competitors' sales literature.
• B)Buy competitors' products or services and assess their quality and features, benchmarking their products and services against yours.
• C)Pay competitors' employees to become informants about their companies' strategies, markets, and trade secrets.
• D)Watch for employment ads from competitors to determine the types of workers they are hiring.

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Definitions:

Substitution Effect

The economic principle referring to the change in consumption patterns due to a change in the relative prices of goods, leading consumers to substitute more expensive items with cheaper alternatives.

Product Rises

This term seems unclear or incomplete. If referring to a situation where the price or demand for a product increases, there is no single term that universally describes this scenario as "Product Rises." NO.

Income Effect

The change in consumption resulting from a change in real income, which can itself result from changes in wages or prices.

Money Income

The total amount of monetary earnings or receipts a person or household receives from various sources including wages, dividends, and benefits.