The process of gathering information about the competitive environment, including competitors' plans, activities, and products,

Question

3 years ago

8

The process of gathering information about the competitive environment, including competitors' plans, activities, and products,

to improve a company's ability to succeed is the definition of __________. A. FeedbackB. InformationC.Competitive intelligenceD. Data

Business

1 answer:

Sholpan [36] · Answer 1 · 2021-12-30T13:35:17+03:00

Answer: (C) Competitive intelligence

Explanation:

The competitive intelligence is one of the process of analyzing the various types of information that helps in learned abut the market, consumers and the competitors.

The main objective of the competitive intelligence is that it helps in support the various types of strategic decisions in an organization.

According to the given question, the competitive intelligence is helps in gathering the data for improving the ability of an organization in this competitive environment.

Therefore, Option (C) is correct answer.