Competitor Analysis Focuses On

question 12

Multiple Choice

Competitor analysis focuses on:

• A) firms with which the company competes directly.
• B) firms that produce products that are substitutes.
• C) all firms in the industry.
• D) companies that might enter the industry.

---

Definitions:

Future Course

A direction or plan of action intended to be followed in upcoming times, often laid out to achieve specific goals or outcomes.

Management Function

The primary roles and activities undertaken by managers to ensure the efficient and effective running of an organization.

Planning

The process of setting goals, developing strategies, and outlining tasks and schedules to accomplish the goals.

U.S. Small Business Administration

A federal agency that provides support to entrepreneurs and small businesses in the United States through loans, loan guarantees, counseling, and other forms of assistance.