Why Is There a Need to Monitor and Understand Competitors

question 129

Multiple Choice

Why is there a need to monitor and understand competitors?

• A)Because companies need to match their competitors' prices
• B)Because companies need to create products similar to their competitors'
• C)Because customers will buy from competitors if they are cheaper
• D)Because customers will turn to competitors if their needs are not being met

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Definitions:

Hair Cells

Sensory cells located in the inner ear of vertebrates, responsible for converting sound vibrations into electrical signals.

Graded Potential

A shift in the electrical charge across a neuron's membrane, varying in amplitude and potentially leading to an action potential.

Vibration Frequency

The number of times a vibrating system completes a cycle of motion in a given period of time, typically measured in hertz (Hz).

Pacinian Corpuscles

Specialized nerve endings in the skin and some other tissues sensitive to vibration and pressure, contributing to the sense of touch.