SWOT analysis can be utilized for each competitor a company may have.
Try it risk-free Do you own a business and want to know how to stand out from the pack?
In this lesson, we will discuss what competition analysis is, how to determine your competitors, and ways to compare yourself to competitors through business planning.
It may be helpful to write down all of your competitors and decide what you have in common with them and what is different.
Consider all relevant factors, like product quality, physical location and appearance, expertise, payment methods and refund policies, customer service, and marketing style.