The Information-Gathering Process in Competitive Analysis

question 88

Multiple Choice

The information-gathering process in competitive analysis:

• A)is an expensive process that only established small companies can afford.
• B)can be relatively inexpensive and easy for the small business owner to conduct.
• C)is closely regulated by various federal laws.
• D)is a process that requires expert help but is relatively inexpensive.

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Definitions:

Extrinsic

Originating from outside rather than from within a person, often referring to external motivations or factors.

Personal

Relates to or concerns an individual's private life, feelings, or circumstances.

Job Enlargement

The process of increasing the number and variety of tasks that an individual performs, thereby enhancing job satisfaction by reducing monotony.

Specialized Tasks

Work that requires specific skills or knowledge, often performed by individuals trained or educated in that particular area.