The primary activity of competitive intelligence is to

Question

Quizplus · Accepted Answer

The primary activity of competitive intelligence is to monitor competitors, which involves collecting and analyzing information about their activities, strategies, and capabilities. This includes tracking their products and services, marketing campaigns, pricing policies, innovation initiatives, and other relevant aspects of their operations to gain insights into their strengths, weaknesses, opportunities, and threats. Competitive intelligence is an essential function for companies that seek to stay competitive and successful in dynamic and complex markets. Engaging in corporate espionage or reverse engineering competitors' products are unethical and illegal practices that can lead to severe legal and reputational consequences. Surveying stakeholders and determining industry R&D statistics can be useful sources of information in competitive intelligence, but they are not the primary activities.

The Primary Activity of Competitive Intelligence Is to