What is the meaning of competitive analysis?
 

Hello Friends,
What is the meaning of competitive analysis?

Competitive Analysis:
The process of comparing the strengths and weaknesses of your own business or product to those of other businesses, in order to make your business or product more competitive.

The process of comparing the strengths and weaknesses of your own business or product to those of other businesses, in order to make your business or product more competitive.

Identifying your competitors and evaluating their strategies to determine their strengths and weaknesses relative to those of your own product or service . A competitive analysis is a critical part of your company marketing plan.

Distinguishing competitors and assessing their systems to decide their qualities and shortcomings with respect to those of your own item or administration . An aggressive examination is a basic piece of your organization promoting plan.

Competitive analysis seeks to identifying weakness and strengths that a company's competitors may have and then use that information to improve efforts within the company.

A competitive analysis is a critical part of your company marketing plan. With this evaluation, you can establish what makes your product or service unique--and therefore what attributes you play up in order to attract your target market.

Competitive Analysis. Entrepreneur Staff. Share Add to. Definition: Identifying your competitors and evaluating their strategies to determine their strengths and weaknesses relative to those of your own product or service . A competitive analysis is a critical part of your company marketing plan.

The process of comparing the strengths and weaknesses of your own business or product to those of other businesses, in order to make your business or product more competitive.

Competitive analysis seeks to identifying weakness and strengths that a company's competitors may have and then use that information to improve efforts within the company.