Business Studies, asked by pk309349, 1 year ago

When defining a strategy for your business, how can competitor analysis help you establish a USP (or Unique Selling Point)?


dhavaltank212pbiayl: When defining a strategy for your business, how can competitor analysis help you establish a USP (or Unique Selling Point)?

Answers

Answered by Arslankincsem
42

Unique selling preposition is the thing which you can deliver and your competitor cannot.


It is the advantage you have over your competitor.


The analysis of your competitor can help you in defining USP, because this gives you insight about their products and services.


You can understand their business strategies and can plan yours.


Answered by kritikakhunger18
48

It can identify how your offering is different in comparison to your competitors

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