Competitive intelligence generally does not benefit very much from gathering information on competitors from sources in the public domain.
Answer the following statement true (T) or false (F)
False
Competitive intelligence is frequently done effectively through public sources of information. Examples are evident in daily newspapers and periodicals such as The Wall Street Journal, Bloomberg Businessweek, and Fortune. For example, banks continually track home loan, auto loan, and certificate of deposit (CD) interest rates charged by rivals. Major airlines change hundreds of fares daily in response to competitor tactics.
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The percentage aging schedule of accounts receivable is the most robust way to see if customers are, on average, paying more slowly, because it is unaffected by seasonal changes in sales.
Answer the following statement true (T) or false (F)
Define ERP
Which of the following describes the system of corporate governance?
A. governing an industry, such as the trucking industry, to protect customers B. protecting citizens against unethical state and national governments C. governing a company so that the interests of corporate owners and other stakeholders are protected D. monitoring an industry, such as law firms, to ensure ethical practices E. monitoring and limiting corporate political donations
Identify three tactics that a mid-priced motel chain might employ to take advantage of the social trends discussed in the text, in hopes of increasing its business. For each tactic, identify the social trend it is based on.
What will be an ideal response?