A ..... is a grid used to compare characteristics of your business with your direct competitors.

COMPETITIVE ANALYSIS

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

A ____ is a grid used to compare characteristics of your business with your direct competitors.

A	SWOT Analysis
B	competitive matrix
C	business model canvas
D	financial statement

Explanation:

Detailed explanation-1: -The competitive analysis grid should identify your competitors and include an assessment of the key characteristics of the competitive landscape in your industry, including competitive strengths and weaknesses and key success factors.

Detailed explanation-2: -A radar chart is a tool that you can use to compare the products of your competitors based on different characteristics. It will help you identify which competitors are scoring high or low within the characteristics you’ve selected.

Detailed explanation-3: -Identify your competitors. This sounds straightforward, but in fact there are different kinds of competitors to consider. Gather information about your competitors. Analyze your competitors’ strengths and weaknesses. Determine your competitive advantage.

There is 1 question to complete.

ENTREPRENEURSHIP

ENTREPRENEURIAL OPPORTUNITIES

COMPETITIVE ANALYSIS