ENTREPRENEURIAL OPPORTUNITIES
IDENTIFYING AND EVALUATING BUSINESS OPPORTUNITIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Calculates income data
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Sets productivity goals
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Monitors marketing strategies of a rivalry
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Develops selling procedures
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Detailed explanation-1: -Spyfu is one of the competitor analysis tools you can use to gain insight into paid traffic of your competitors. The tool lets you see what paid keywords your competitors rank for currently, and ranked in the past.
Detailed explanation-2: -Competitive analysis helps you learn from businesses competing for your potential customers. This is key to defining a competitive edge that creates sustainable revenue. Your competitive analysis should identify your competition by product line or service and market segment.
Detailed explanation-3: -What is competitive monitoring? Competitive monitoring, also known as competitive analysis, is the process of identifying and auditing your competitors’ products, pricing, and sales prospecting and marketing strategies. Analyzing and reviewing this data can help you position your business to stay ahead.