What question are you answering in your plan when you compare a competitive analysis?

Question

Quizplus · Accepted Answer

When comparing a competitive analysis, the question being answered is "who is your competition?" This is because a competitive analysis involves evaluating the strengths and weaknesses of your competitors in order to identify potential threats and opportunities in the market. Understanding your competition is critical for developing effective marketing strategies and positioning your product or service in the marketplace. While questions about the customer, market size, and market entry are important considerations in developing a business plan, they are not directly related to a competitive analysis.

What Question Are You Answering in Your Plan When You