_____________involves deciding who your competitors are, anticipating competitors' moves, and determining competitors' strengths and weaknesses.
A) Competitive mapping
B) A market audit
C) A SWOT analysis
D) A proactive strategy
E) A competitive analysis

Question

Quizplus · Accepted Answer

A competitive analysis involves identifying and examining your competitors in order to determine their strengths and weaknesses, as well as potential opportunities and threats they may pose to your business. This can be useful in developing strategies to compete effectively in the market. The other options listed (competitive mapping, market audit, SWOT analysis, and proactive strategy) may also be relevant in strategic planning, but do not specifically address the task of analyzing competitors.

_____________Involves Deciding Who Your Competitors Are, Anticipating Competitors' Moves, and Determining