key information that can be gathered through a competitive analysis

[Johnson2468]

The key information that can be gathered through a competitive analysis includes a competitor's market share, pricing strategies, distribution channels, and customer base. It also provides insight into their marketing and advertising efforts, and their product development and innovation. By understanding this information, a company can develop strategies to differentiate itself from its competitors and to target untapped market segments

 

[Magnus2022]

Other key information that can be gathered through competitive analysis includes
1.Traffic sources if is online business
2. Marketing strategy
3. Business networks
4. Logistics
5. Innovation
6. Expenditure
7. Staff capacity
8. Market penetration strategies

 

[uptrendfinancialsignal]

Competitive analysis has become very important for each and every business is to carry out most especially if you find yourself in a highly competitive market.

 

[Bisolami]

The key information that can be gathered through a competitive analysis includes a competitor's market share, pricing strategies, distribution channels, and customer base. It also provides insight into their marketing and advertising efforts, and their product development and innovation. By understanding this information, a company can develop strategies to differentiate itself from its competitors and to target untapped market segments

One of the major informations that you can gather several competitive analysis is what the consumers need and how the market looks like

 

[Shavkat]

This a good point. Gathering information is not that accurate. Not all companies will give away their datum to be analyzed by others.

 

[Springtime]

Competitive analysis involves identifying your competitors; analyzing your competitor's strengths and weaknesses; their sales and marketing strategy; their customer feedback on social media, Such information can be used in determining your competitive advantage.

 

[Reedex]

The competitive analysis would allow you to understand the strength of your close rivalry and how you are going to concentrate on that to make your brand a lot better.

 

[uptrendfinancialsignal]

The competitive analysis would allow you to understand the strength of your close rivalry and how you are going to concentrate on that to make your brand a lot better.

You have a good point because it could be used to ascertain the strength of your rivalry.