Competitive Analysis flashcards are study tools designed to help students learn about analyzing competitors in a business setting. They contain key information, facts, and strategies related to competitive analysis.
Competitive Analysis involves studying and evaluating the strengths and weaknesses of competitors in a specific market or industry. By conducting a competitive analysis, businesses can identify opportunities, threats, and potential areas for growth or improvement.
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quick facts
Competitive analysis is a strategy where businesses compare their products, services, and practices to those of their competitors.
It helps companies identify their strengths and weaknesses compared to their competitors, so they can make improvements and stay ahead in the market.
Competitive analysis involves researching things like pricing, marketing strategies, customer reviews, and product features of competitors.
Businesses use competitive analysis to understand the market better, find new opportunities, and make informed decisions about how to grow their business.
By regularly conducting competitive analysis, companies can adapt to changes in the market and stay competitive in their industry.
card list
Front
Back
Swot Analysis
A Tool Used To Identify Strengths, Weaknesses, Opportunities, And Threats In A Business Or Project.
Market Share
Percentage Of Total Sales In An Industry That A Company Has.
Competitor Profiling
Analyzing And Gathering Information About Other Companies In The Same Industry.
Key Success Factors
Factors That Are Essential For A Business To Be Successful.
Industry Benchmarks
Standards Used To Compare And Measure The Performance Of Businesses Within The Same Industry.
Competitive Advantage
Having Something That Makes You Better Than Others.
Market Positioning
How A Company Presents Its Products Or Services To Stand Out From Competitors.
Price Comparison
Comparing Prices Of Different Products To Find The Best Deal.
Product Differentiation
Making Your Product Different From Other Similar Products On The Market.
Strengths
Things You Are Good At.
Weaknesses
Areas Where Someone Or Something Is Not Strong Or Has Difficulty.
Opportunities
Chances For Success Or Advancement.
Threats
Potential Dangers Or Harmful Situations.
Market Research
Studying Customers And Competitors To Make Business Decisions.
Competitor Analysis Tools
Tools That Help You Learn About Other Companies You Are Competing Against.
Brand Awareness
Knowing And Recognizing A Specific Brand.
Market Trends
Changes In The Demand And Supply Of Products Or Services In The Market.
Customer Feedback
Opinions Or Comments From People Who Have Used A Product Or Service.
Competitive Landscape
The Overall Picture Of Businesses That Are Competing With Each Other.
Pricing Strategy
Setting The Price For A Product Or Service To Attract Customers And Make A Profit.
