A business conducts competitive analysis to evaluate the competitor product feature, his weakness, opportunity and threat and the format which is used to prepare is called competitive analysis template. That helps to improve a business product more than the competitor. 1st find out the demand of product in the market, qualities that demand by a customer, what’s new trend about product in customers, and find out what they charge form customer. Find out the threats that are exist from competitor and other government policies. It helps to provide some benefit like guarantee or warranted to attract the customer attention that’s not given by competitor.
Useful Critical Points
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