A(n)________ is an analytical tool to organize information about direct competitors on all points of competition.
A)It is less expensive.
B)It helps in developing insights regarding pricing.
C)It provides knowledge about each competitor and allows the entrepreneur to better position the new business.
D)All of these.

Question

Quizplus · Accepted Answer

A competitive analysis is a tool used by entrepreneurs to organize information about direct competitors on all points of competition. It is less expensive than conducting expensive research and also helps in developing insights regarding pricing. It provides knowledge about each competitor and allows the entrepreneur to better position the new business. Therefore, all of these options are true.

A(n)________ Is an Analytical Tool to Organize Information About Direct