one benefit of a competitive analysis is to better understand: select an answer from the options below. a…

one benefit of a competitive analysis is to better understand: select an answer from the options below. a your strengths and weaknesses b your suppliers intellectual property (i.p.) c your competitors strengths and weaknesses d government regulations

one benefit of a competitive analysis is to better understand: select an answer from the options below. a your strengths and weaknesses b your suppliers intellectual property (i.p.) c your competitors strengths and weaknesses d government regulations

Answer

Brief Explanations:

Competitive analysis focuses on studying competitors. It helps a business identify the strengths and weaknesses of its rivals, which can inform strategic decisions. Analyzing one's own strengths and weaknesses is more related to a SWOT - type internal analysis. Suppliers' intellectual property and government regulations are not the main focus of competitive analysis.

Answer:

C. your competitors' strengths and weaknesses