ANALYZE YOUR COMPETITION

It is the goal of every business enterprise to make sales and be profitable. To make great sales, a business enterprise has to be smart, intelligent and creative. It also has to ensure that it provides good and services that would be thoroughly craved for by customers. And finally, it has to analyze its competition. It is very possible that various other business enterprises would be involved in providing same goods and services. If a business enterprise is not careful, it could lose its customers to other business enterprises. To ensure that this does not happen, a business enterprise has to analyze its competition.

​Firstly, a business enterprise needs to know the business enterprises competing with it. After this, it needs to find out the things that are needed by customers and are not provided by any of the business enterprises. If these things are found out, a business enterprise can provide these thins which would enable it have an edge over competitors