Because gathering information on competitors' products or services, strategies, and market share is so difficult, most lenders and investors see the competitor analysis section of the business plan as optional.

Question

Quizplus · Accepted Answer

Gathering information on competitors is crucial for the success of a business, so the competitor analysis section of the business plan is not optional. Lenders and investors typically want to see a thorough analysis of the competitive landscape before deciding whether to invest or lend money.

Because Gathering Information on Competitors' Products or Services, Strategies, and Market