Spending as much as the competition does for promotional efforts can lead the business to copy the mistakes and successes of a rival.

Question

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If a business is only copying the promotional efforts of a rival without analyzing and strategizing according to their own goals and audience, it might lead to copying mistakes made by the competitor. Additionally, blindly following a competitor's effort may not necessarily lead to success for the business. It is essential to have unique and creative promotional strategies tailored to the company's strengths and values.

Spending as Much as the Competition Does for Promotional Efforts