A systematic and ethical process for gathering and analyzing information about the competition's activities and general trends to further a business' own goals is called
A) unethical business practice.
B) artificial intelligence.
C) competitive intelligence.
D) industrial espionage.
E) competitive advantage.

Question

Quizplus · Accepted Answer

Competitive intelligence is a legitimate practice used by businesses to gather information about their competitors and the industry in which they operate. It involves gathering publicly available information such as financial reports, news articles, and social media posts. This information can be used to make informed business decisions, gain a competitive advantage, and mitigate potential risks. Industrial espionage, on the other hand, involves unethical and illegal methods of obtaining trade secrets and confidential information from competitors. Therefore, options A, B, D, and E are not the correct answer.

A Systematic and Ethical Process for Gathering and Analyzing Information