Competitor analysis begins with:

Question

Quizplus · Accepted Answer

The best starting point for competitor analysis is to document the current strategy of each primary competitor. This will provide valuable insights into their strengths, weaknesses, target audience, and any gaps in the market that can be exploited. Gathering product samples or advertising budgets may be useful in later stages of analysis, but understanding the competition's strategy is crucial first step. Identifying which competitors are most successful may also be important, but it should be done after understanding their strategy.

Competitor Analysis Begins With