In order to develop the "right strategy" to succeed in business,managers must make the right decisions; and in order to make the right decisions,they must have objective,accurate,and timely:
A)reports about the competition
B)reports about customers wants and needs
C)information about market trends and changes
D)the number and sizes of market segments
E)information

Question

Quizplus · Accepted Answer

In order to make the right decisions for business strategy, managers need information about market trends and changes. This includes understanding the current state of the market, potential future shifts, and the competitive landscape. Reports about competition (A) and customer wants and needs (B) are important, but they are typically narrower and would not necessarily provide a comprehensive understanding of the market. The number and sizes of market segments (D) are relevant but not sufficient for developing a business strategy without context about broader market trends and changes. Therefore, C is the best choice.

In Order to Develop the "Right Strategy" to Succeed in Business,managers