The collection and subsequent analysis of publicly available information about o
ID: 345064 • Letter: T
Question
The collection and subsequent analysis of publicly available information about other organizations in the same market space is known as which of the following?
Competitive intelligence
Database construction
Datatel
A SWOT
As a general rule of thumb, how long into the future should a vision statement look?
Five years exactly so costs can be depreciated for tax purposes
No more than five years because the business environment is very turbulent
At least five years to set a lofty future state
The same period as the mission statement to ensure pairing of resources and objectives
In assessing the needs of stakeholders in a choice process, which kind of measurement is most typical?
Delphi
Mixed
Quantitative
Qualitative
How is a SWOT typically presented?
A chart
A graph
A lengthy narrative
None of the above
In a SWOT analysis, which of the following might be considered a strength?
An unexpected tax break
A price war
Highly experienced executives
Both A and B
Which of the following is NOT an ethical method of gathering data on competitors?
Scanning the internet for expert opinions
Hiring a fee-for-service company to examine credit reports of competitors and their largest account customers
Hiring an employee of a rival firm to consult on the firm's proprietary process
Examining credit reports of competitors
Which of the following is NOT a benefit of gathering information about competitors?
Enhancing competitive advantage
Reducing the impact of surprise strategic moves
Protecting against anti-competitive government sanctions
Detecting new competitive threats
In the three factors of success model, what are two components of the "feasibility” factor?
Makeup and motivation
Manpower and money
Machinery and mergers
Materials and management
Which of the following would be an example of a weakness in a SWOT analysis?
The government ending export subsidies
Overleveraged financial obligations
Spiking interest rates across the entire economy
A global pandemic slowing sales
In the three factors of success model, what two components comprise the "acceptability” factor?
Cultural and legal
Economic and political
Financial and stakeholder
Emergent and congruent
A.Competitive intelligence
B.Database construction
C.Datatel
D.A SWOT
Explanation / Answer
The correct answer is option A.
Competitive intelligence is nothing but the action where intelligence about products, customers, competitors and other environmental aspects is defined, gathered, analyzed and distributed that help the organization to make strategic decision.