How can companies learn about their competitors' strengths and weaknesses?
What will be an ideal response?
Companies normally learn about their competitors' strengths and weaknesses through secondary data, personal experience, and word of mouth. They can also conduct primary marketing research with customers, suppliers, and dealers, or they can benchmark themselves against other firms.
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Kyra, an international student beginning her first semester at a college in the United States, receives her schedule for her first semester and notices her professors’ names are not on the schedule. She becomes anxious and tells her friends that in her country this would never happen because students need to know exactly what to expect. Kyra’s culture most likely has ______.
a. a low level of uncertainty avoidance b. a high level of uncertainty avoidance c. a low level of power distance d. a high level of power distance
The income tax liability account will be debited when a corporation makes a quarterly estimated tax payment
Indicate whether the statement is true or false
A balance sheet prepared according to U.S. GAAP lists assets from most liquid to least liquid, where liquid refers to the ease of converting the asset into cash
Indicate whether the statement is true or false
In the VALS framework, a person's resources include all of the following EXCEPT:
A. psychological B. material C. temporal D. demographic E. physical