Many firms regularly buy competitors' products and have their own engineers study them to learn about new technical innovations. This process is called __________.
A) reengineering
B) regression analysis
C) product deconstruction
D) reverse engineering
E) corporate espionage

Question

Quizplus · Accepted Answer

The process of studying competitors' products for the purpose of learning about new technical innovations is referred to as reverse engineering. Reengineering involves modifying an existing product or process to improve it, and regression analysis is a statistical method used to identify relationships between variables. Product deconstruction is a technique used to analyze the components and structure of a product, but it does not necessarily involve studying competitors' products. Finally, corporate espionage involves illegally obtaining confidential information from competitors, which is not a legitimate business practice.

Many Firms Regularly Buy Competitors' Products and Have Their Own