50.1K

Verified Solution

Question

General Management

What is a competitive analysis? How do you make one?

Answer & Explanation Solved by verified expert
4.2 Ratings (903 Votes)
A competitive analysis allows you to assess your competitors strengths and weaknesses in your marketplace and implement effective strategies to improve your competitive advantage It helps to identify your competition determine and weigh their attributes assess their strengths and weaknesses and understand their objectives and strategies The main objective of competition analysis is to obtain a very thorough information about current as well as potential rivals That knowledge should be as comprehensive as possible It should possibly cover    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students