BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Consistently monitoring similar businesses is an appropriate action to remain competitive. True or False?
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True
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False
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Explanation:
Detailed explanation-1: -Because, you are constantly monitoring your competitors, you can benefit from assessing their investments or strategies which failed and resulted in a loss. By determining where your competitors went wrong, you can ensure to avoid those mistakes to minimize losses.
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