Business intelligence applications are used to gather information on competitors and their suppliers.

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Business intelligence (BI) applications are designed to collect, integrate, analyze, and present information to support better decision-making across a business.

Option 1 (True): The statement that BI applications are used to gather information on competitors and their suppliers is accurate in a broad sense. BI often includes competitive intelligence (data about competitors’ capabilities, market position, pricing, etc.) and supplier analytics (performance, reliability, cost, terms). In practice, BI tools pull data from internal systems and external sources to monitor external actors like rivals and suppliers, which aligns with many organizations' use of BI for strategic insight.

Option 2 (False): If we treat the claim as exclusive or complete, it would be misleading. BI is not limited to information about competitors and their suppliers; it encompasses a wide range of data domains such as internal operations, customer analytics, financial performance, marketing effectiveness, and product trends. Additionally, BI can aggregate data from across departments and external sources beyond just competitors and suppliers, so describing BI’s purpose as only about competitors and their suppliers would be an overly narrow view.

In summary, while BI applications do gather information on competitors and suppliers, they also cover many other areas of a business; the statement is true in scope but could be considered incomplete if interpreted as exclusive or exhaustive.

BUSML 3380 AU2025 (2040) Final Exam- Requires Respondus LockDown Browser

Business intelligence applications are used to gather information on competitors and their suppliers.

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