The Best Approach for a Company to Take When Monitoring

question 127

Multiple Choice

The best approach for a company to take when monitoring its competitors is

• A)watching for increases and decreases in competitors' prices and match them.
• B)analyzing all information that is readily available about competitors.
• C)sending employees to competitors' offices and factories to observe their actions.
• D)developing a system for gathering ongoing information about competitors.
• E)reading important business publications such as The Wall Street Journal.

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Definitions:

Cognitive Functioning

The mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.

Plagiarism

Plagiarism is the act of using someone else's work or ideas without proper attribution, presenting them as one's own original work.

Summarizing

The process of briefly stating the main points of a larger piece of text or conversation.

Quoting

The act of repeating or copying out words from a text or speech written or spoken by another person, often indicated by quotation marks.