Discuss the steps in analyzing competitors
What will be an ideal response?
Creating competitive advantage begins with competitor analysis. First, the company's competitors must be identified. The next step is assessing competitors' objectives, strategies, strengths, weaknesses, and reaction patterns. Based on this information, the company can select which competitors to attack or avoid.
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Which of the following is not one of the characteristics of a contract for purposes of revenue recognition?
A) Rights. B) Reasonable profit margin. C) Approval. D) Commercial substance.
To increase customer loyalty, 2Wheels wants to start a club for its dedicated customers, but wants to make sure that only members who want to participate in activities join the club. What can it do to ensure this?
What will be an ideal response?