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The company can get involved in legal issues; which would damage their image and for end their business.
__4___ Posing as a potential customer to competitors This can help providing us with the marketing method that the competitor is using and their products.
__3___ Getting loyal customers to put out a phone "request for proposal" soliciting competitors' bids
__5___ Buying competitors' products and taking them apart I agree completely doing this because I can compare my competitors products with mine and their range price; this would help me to better position my business in the market.
__4___ Hiring management consultants who have worked for competitors I would not definitely interrogate the employees but I know this will help my business because those employees by themselves will run my business having present at all time how the competitor works...
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Common topics in this essay:
- approaches that a business firm could use to gather information about competition
- Business Information
- Business information systems
- Evaluate each of the following approaches that a business firm could use to gather information about competition. For each approach, mark your feeling about its appropriateness using the following scale
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