Which one of the following statements is true of competitive intelligence as a means of environmental scanning? Select one: a. Competitive intelligence is ethical if competitor-related information is collected from sources accessible and available to the public. b. traditional planning c. Buying competitors' products and asking their own employees to evaluate them to learn about new technical innovations is an example of the unethical practices followed in competitive intelligence. d. It is unethical to use competitive intelligence to make strategic business decisions.

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Product and Service Classification

Classification of goods and services categorized between industry and customer goods is known as Product and Service classification. It is based on brands, quality, and quantity which companies deliver to the concerned client. Industrial goods are produced for industrial work, whereas consumer goods are produced for personal consumption by the customers. Marketing and sales need technological methods, a healthy environment, proper market strategies, marketing environment in terms of productivity and profit.