Entrepreneurs must seek strategies and methods that will differentiate them from current competitors and potential future competitors.

ENTREPRENEURS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	True
B	False
C	Either A or B
D	None of the above

Explanation:

Detailed explanation-1: -A competitor analysis is important because: It will help you recognise how you can enhance your own business strategy. It will tell you how you can out-do your competitors in these areas to keep your customer attention. Resulting in a competitive edge over others in your sector.

Detailed explanation-2: -local business directories. your local Chamber of Commerce. advertising. press reports. exhibitions and trade fairs. questionnaires. searching on the Internet for similar products or services. information provided by customers. More items

Detailed explanation-3: -Know more about your client than anyone else. Be Fresh. Be seen as possessing renown and recognition. Have a Unique Relationship Process. Develop a Personal Style. Bring Their Ideas to Life. Show You Really Care. Be seen as well-connected. More items

There is 1 question to complete.

ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS