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

question 14

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.
• C)it helps 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.

---

Definitions:

Average Ages

The mean value of the ages within a specific group or dataset, calculated by adding all the ages together and dividing by the total number of ages included.

Pooled Variance

An estimate of variance across different samples or groups that assumes the underlying population variances are equal.

T-Statistic

A type of test statistic calculated to determine if a hypothesis should be accepted or rejected, commonly used in a t-test to compare means.

Degrees of Freedom

The number of independent values or quantities that can vary in the analysis without breaking any constraints, relevant in statistical tests to assess the validity of the test.