ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Market Analysis
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dog
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person
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boat
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Detailed explanation-1: -A competitive analysis is a type of market research that identifies your competitors, their strengths and weaknesses, the strategies they are using to compete with you, and what makes your business unique.
Detailed explanation-2: -Internal management plan In the management plan for business owners, a competition section serves as a vehicle for understanding competition and developing strategic positioning. You and your team look at comparative strengths and weaknesses.
Detailed explanation-3: -An overview of your industry’s size and growth rate. Your business’s projected market share percentage. An industry outlook. Customer buying trends. Your forecasted growth. How much customers are willing to pay for your product or service. 21-Feb-2023