Competitive Analysis Example
Competitive analysis is one of essential parts of whole business process. The main purpose of competitive analysis is to understand the strengths and weaknesses of competitors in the industry and establishing beneficial business strategies. Current and potential competition in the industry is identified in this analysis. A statement of competitive analysis is prepared after collecting all facts and figures of analysis. Competitive analysis statement must be created in a concise and professional manner because it comes in important documentation of a business.
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