Question

When defining a strategy for your business, how can competitor analysis help you establish a USP (or Unique Selling Point)? A It can enable you to offer discounts that compete directly with your competitors' pricing B It can identify how your offering is different in comparison to your competitors C It can give you deeper insight into the market and their approach D It can reveal which additional regions you could be operating in so that you can grow your business Make it easy for people to find a business on the web Question 6

Answer 1

When you define a strategy a competitor can help you establish a unique selling point by challenging you to do better work harder they can push you to achieve your goals with constructive criticism

Answer 2

Hi friend,

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

Answer: It can give you deeper insight into the market and their approach

Explanation: While analysing other competitive business analysis, one can figure out where they lack and how they lack,It gives them chance to analyse themselves and their strategies deeply so they make new strategies in order to cater their lagging and conquer larger markets.

Thanks for asking.