The focus of the competitor analysis section of the business plan is to:
A)demonstrate the existence of the market for your product.
B)show that your experienced management team is better than your competitors'.
C)demonstrate your company's advantage over competitors.
D)describe your overall product line.

Question

Quizplus · Accepted Answer

The competitor analysis section of the business plan should focus on demonstrating your company's advantage over competitors. This includes analyzing their strengths and weaknesses and identifying opportunities for your company to differentiate itself in the market. It is not necessary to describe your overall product line in this section. Demonstrating the existence of the market for your product may be covered in other sections of the business plan, and showcasing the experience of your management team does not necessarily relate to your competitors.

The Focus of the Competitor Analysis Section of the Business