A useful tool for organizing the competitor analysis is:
A) the table of competitive rivals.
B) rivals chart.
C) the oligopoly chart.
D) a competitor matrix.
E) the competitive summary.

Question

Quizplus · Accepted Answer

A competitor matrix is a visual tool used to compare your company with your competitors based on various factors such as strengths, weaknesses, market position, pricing, and product/services offered. It helps in identifying opportunities and threats to your business and develop a strategic plan to stay ahead in the competition.

A Useful Tool for Organizing the Competitor Analysis Is