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
1- Always download competitive analysis template after making it sure that you really need it. A template which is not as per your requirements, can only damage your work. Instead, choosing a relevant template can bring life to your work.
2- All word templates provided in this website are fully designed and equipped with quality contents; however, you should consider addition as opportunity rather extra work. It will help you in preparing a master piece.
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5- Adding tags and description after preparing your template can add attraction from user’s point of view. It will make your template more effective and attractive for your boss as well.