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What is the correct use of competitor analysis?

Answer and explanation

Correct answer: दूसरों की ताकत और कमजोरी समझकर अपनी रणनीति बनाना

Competitor analysis studies rival offerings, prices, quality, service, strengths and gaps so that the entrepreneur can identify opportunities and design a better or distinct strategy. It does not mean copying without improvement or ignoring customers. Competitors remain part of the market, and analysis should support ethical, informed competition rather than elimination by assumption.

Related tags

Competitor AnalysisStrategyEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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