why is it important to be aware of your direct and indirect competitors? what will you do to gain a…
why is it important to be aware of your direct and indirect competitors? what will you do to gain a competitive advantage and stand out?
Answer
Brief Explanations:
Understanding direct and indirect competitors helps in market - positioning. To gain a competitive advantage, one can innovate, offer unique value, and focus on customer needs.
Answer:
Being aware of direct and indirect competitors is important as it helps in understanding market share, customer preferences, and industry trends. To gain a competitive advantage and stand out, strategies could include product or service innovation, excellent customer service, targeted marketing, and cost - leadership.