ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Appendices
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Executive summary
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market analysis
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financial plan
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Detailed explanation-1: -Competitor analysis is a key element in any effective digital marketing approach, providing insight into how your competitors have addressed similar marketing challenges to your own, and what’s worked (and what hasn’t) within their process.
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: -Market Analysis includes market research and competitive analysis. Market research is the way in which Product Managers gather information about customer needs and market drivers. Competitive analysis is a subset of market research.