The preferred technique/tool used to determine the strategies of organizations serving the same market as your own organization is:

Question

Quizplus · Accepted Answer

Competitive analysis is the preferred technique for determining the strategies of organizations serving the same market as your organization because it involves analyzing the strengths and weaknesses of competitors, their products or services, and their marketing strategies. This analysis allows an organization to identify areas where it can improve its own products or services and gain a competitive advantage. Benchmarking and industry trade association data research can also provide useful information, but they may not be as comprehensive as competitive analysis. Surveying competitor's customers may also be helpful, but it may not provide a complete picture of the competitor's overall strategy.

The Preferred Technique/tool Used to Determine the Strategies of Organizations