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Can you tell us why do you take a competitive analysis?


shoppingswag

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Hi,

For a brand, the primary goal by analyzing their competitors is to find out the strengths and weaknesses of their competition, so that the brand can make knowledgeable decisions about their own marketing strategies and fight with the threats from their competition and avail any opportunities that is offered to them because the competition is neglected some factor.

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Hi,

The research you gather about your competitors is often referred to as: “Competitive analysis“

This kind of research is crucial to your success as a business because it arms you with the ability to quickly identify industry trends and adapt to competitor campaigns or strategies in order to maintain a foothold or out-compete them entirely.aa

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