What is the meaning of competitive analysis?

[michaelclarke]

Please describe for this topic.

[daviddakarai]

Competitors analysis is comprised of what your company considers to be its chief competitors. However, there may be other companies that indirectly compete with yours, ones that offer products or services that are aiming for the same customer capital. Analyze the competition's products and services in terms of features, value, and targets. Observe how your competitors market themselves through press releases and advertising. Quarterly and annual reports reveal a great deal of information.

[EvaRays007]

Competitor analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors. This analysis provides both an offensive and defensive strategic context to identify opportunities and threats.

[Sonika11Mehra]

It depicts a vital limb to direct an industry examination. An industry examination gives data with respect to plausible wellsprings of rivalry (counting all the conceivable vital activities and responses and consequences for benefit for every one of the associations contending in the business).

[othername0104]

Competitor analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.

[Mariajerek]

Competitive analysis means to keep track what exactly your competitor do. It doesn't matter either online or offline. This process can boost your business

[dennis123]

Competitive analysis is process of identifying your competitors and evaluating their strategies to determine their strengths and weaknesses relative to those of your own product or service.

[ShreyaKoushik]

These are the best affordable competitive analysis tools
CPC ROI Calculator & CPM ROAS Calculator.
SEMRush - competitive research tool covering both AdWords & organic search results.
Compete.com Search Analytics - low-cost competitive tool showing keywords that send competing sites the most traffic.
KeyCompete - shows keywords that competitors are buying.