Harrison Runs a Bicycle Manufacturing Company

Harrison runs a bicycle manufacturing company. Owing to increasing competition, his company starts losing its customer base. To regain its position in the market, Harrison keenly observes his competitors' business plans and strategies. Subsequently, he incorporates a change in his company's marketing strategy. Eventually, his company starts making profits. This is an example of _____.

A) delegation
B) suboptimization
C) benchmarking
D) brainstorming

Correct Answer:

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