BUSI 400 UPDATED Exam Questions and CORRECT Answers

Competitive Intelligenceis a systematic and ethical process of gathering and analyzing information about the competition's activities and general business trends to further a business's own goals Which of these is not an Objective of Competitive Intelligence?(1) to provide a general understanding of an industry and its competitors (2) to identify areas in which competitors are vulnerable and to assess the impact strategic actions would have on competitors (3) identify potential moves that a competitor might make that would endanger a firms position in the market (4) All of the above Porter's 5 Forces Modelo (1) Rivalry among competing firms ▪ The most powerful of the five competing forces o (2) Potential entry of new competitors ▪ Whenever new firms can easily enter a particular industry, the intensity of competitiveness among firms increases o (3) Potential development of substitute products