ENTREPRENEURSHIP

ENTREPRENEURIAL PLANNING

MARKETING PLAN DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
____ is information gathered about competitors.
A
Strategy
B
Demograpics
C
Implementation
D
Marketing intelligence
Explanation: 

Detailed explanation-1: -This form of marketing intelligence involves collecting data from competitors in order to distill insights that can be used to more effectively develop business strategies.

Detailed explanation-2: -It assesses your company’s customers, problems, competition and opportunities for creating new products and services. You can collect market intelligence by referencing sales logs, customer data, surveys and reviewing social media metrics.

Detailed explanation-3: -Competitive intelligence, sometimes referred to as corporate intelligence, refers to the ability to gather, analyze, and use information collected on competitors, customers, and other market factors that contribute to a business’s competitive advantage.

There is 1 question to complete.