Once You Have Your Competitive Intelligence, What Is the Next

question 18

Multiple Choice

Once you have your competitive intelligence, what is the next critical step in the competitive positioning process?

• A) Analyze the information
• B) Begin your pricing strategy
• C) Produce your product prototype
• D) Hire your venture team

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Definitions:

A/C System

Air Conditioning System, a system for controlling the humidity, ventilation, and temperature in a vehicle or building.

Boil Point

The temperature at which a liquid turns to vapor.

Pressure Relief Valve

A pressure-limiting device that trips at a predetermined pressure to define circuit pressure or act as a safety device. A safety pop-off valve is one type of pressure relief valve.

High-Pressure Cut-Off Switch

A safety feature in systems that automatically stops the system when the pressure exceeds a predefined limit to prevent damage.