Competitive __________ Is the Process of Gathering Information About the Competitive

question 6

Short Answer

Competitive __________ is the process of gathering information about the competitive environment,including competitors' plans,activities,and products,to improve a company's ability to succeed.

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Definitions:

Analytical fashion

A method or manner that involves understanding complex issues by breaking them down into simpler components for analysis.

Scientific thinking

Involves using systematic, evidence-based methods and critical analysis to solve problems and make decisions.

Rules of thumb

General principles that provide practical instructions or guidance, based on experience rather than theory, for making decisions or solving problems.

Simplifying strategies

Approaches or methods aimed at reducing complexity and making tasks or processes easier to understand and manage.