INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a feasibility appraisal
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a workable appraisal
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competitive intelligence
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a viable assessment
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a practical assessment
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Detailed explanation-1: -The definition of competitive intelligence (CI) or competitor intelligence is the process in which a company gathers and analyzes information about its industry, business environment, competitors, and products with the goal of directing their future strategy.
Detailed explanation-2: -Here are 3 places to begin gathering competitive intelligence: Industry-based resources-Industry based resources such as trade shows, online and offline conferences, relationships with suppliers or customers, or public financial reports.
Detailed explanation-3: -Competitive intelligence is the accumulation of data on what’s happening in your industry. It can encompass your competitors’ social media presence, brand positioning, pricing strategy, product tiers or even their recent job postings.