An important concern for all companies in competitive markets is to access competitors' costs. It is clear that competitors will not willingly supply cost data and thus other sources need to be explored. Which of the following may be used to identify competitors' costs?
A) Publicly available data such as sales volume, market share and product mix
B) Industry databases
C) Company reports and analyses from stockbrokers
D) All of the given answers

Question

Quizplus · Accepted Answer

All the given options can be used to identify competitors' costs. Publicly available data such as sales volume, market share, and product mix can give an indication of the scale of operations, while industry databases can provide more specific information about production costs, raw material costs, and pricing strategies. Company reports and analyses from stockbrokers can also provide valuable insights into competitors' costs and overall financial health, especially if they are publicly traded companies. Therefore, all the given options are important sources for accessing competitors' costs.

An Important Concern for All Companies in Competitive Markets Is