Which of the Following Involves Determining Who Your Competitors Are,anticipating

question 1

Multiple Choice

Which of the following involves determining who your competitors are,anticipating competitors' moves,and assessing competitors' strengths and weaknesses?

• A)competitive mapping  
• B)a market audit  
• C)a SWOT analysis  
• D)a competitive analysis

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Definitions:

Abraham Maslow

A psychologist known for creating Maslow's hierarchy of needs, a theory in psychology that prioritizes human needs from basic physiological needs to self-actualization.

Physiological Needs

Basic physical requirements essential for human survival, such as food, water, shelter, and sleep, considered the foundation of Maslow's hierarchy of needs.

Lower-order Needs

Basic human needs in Maslow’s hierarchy, such as physiological and safety needs, which must be satisfied before higher-order needs can be pursued.

Maslow's Hierarchy of Needs Theory

A psychological theory that categorizes human needs into a five-level pyramid, starting from basic physiological needs to self-actualization.