ENTREPRENEURIAL OPPORTUNITIES
IDENTIFYING AND EVALUATING BUSINESS OPPORTUNITIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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One way that a business can learn about the activities of competitors is to perform which action?
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Evaluate intranet efficiencies
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Develop product specifications
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Identify communication barriers
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Review secondary data
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Explanation:
Detailed explanation-1: -You can conduct media monitoring with the help of an automation tool to find relevant keywords and media mentions, get notifications on new searches for a given keyword, track social media, etc. Doing a simple search on Google can give you so much information about what your competitors are doing.
Detailed explanation-2: -Statistical analysis. Literature reviews. Case studies. Content analysis. 20-Jan-2023
There is 1 question to complete.