When a lack of information can result in business risk, management can do all of the following to acquire additional information EXCEPT:
A)Refer to the annual reports of competitors for needed information.
B)Purchase information from those that possess the knowledge needed.
C)Form a panel to evaluate the product
D)Test market a product

Question

Quizplus · Accepted Answer

Referring to the annual reports of competitors may not always be a reliable or sufficient source of information as competitors may not disclose certain strategic information.

When a Lack of Information Can Result in Business Risk