Competitive information serves as a benchmark that managers use to continuously improve their operations.

Name: Competitive information serves as a benchmark that managers use to continuously improve their operations.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Competitive information is crucial for managers to evaluate the strengths and weaknesses of their own operations in comparison to their competitors. This benchmarking helps them identify areas where they need to improve and strive towards achieving a competitive advantage.

Competitive Information Serves as a Benchmark That Managers Use to Continuously