A research institute plans to build a competitor response profile for a study. Which of the following is the first step to build such a profile?
A)Identifying the assumptions
B)Studying the strategic ideas of competitors
C)Creating a structural chart
D)Focusing on productivity

Question

Quizplus · Accepted Answer

Identifying the assumptions is the first step in building a competitor response profile. This involves understanding the basic assumptions about the market and competitors' behaviors, which is crucial for analyzing their potential actions and strategies.

A Research Institute Plans to Build a Competitor Response Profile