Having Good Competitive Intelligence About Rivals' Strategies and Moves to Improve

question 44

Multiple Choice

Having good competitive intelligence about rivals' strategies and moves to improve their situation is important because:

• A) it identifies who the industry's current market share leaders are.
• B) it allows a company to anticipate what moves rivals are likely to make next and to craft its own strategic moves with some confidence about what market maneuvers to expect from its rivals.
• C) good scouting reports help identify which rival is in which strategic group.
• D) it enables company managers to determine which rival has the worst strategy and how to avoid making the same strategy mistakes.
• E) it enables more accurate predictions about how long it will take a particular rival to copy most of what the strategy leader is doing.

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Definitions:

November

The eleventh month of the Gregorian calendar, often associated with autumn in the Northern Hemisphere and spring in the Southern Hemisphere.

Labor Rate Variance

This measures the difference between the actual wages paid to workers and the expected wages as per standard cost for the actual labor hours worked.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected overhead based on standard costs.

November

The eleventh month of the Gregorian calendar, following October and preceding December.