A Competitor Analysis Should Be Included in the ________ Section

question 62

Multiple Choice

A competitor analysis should be included in the ________ section of a business plan.

• A) market analysis
• B) industry analysis
• C) company description
• D) management team and company structure
• E) operations plan

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Definitions:

Satisfaction

The feeling of pleasure or fulfillment that comes from achieving a goal or satisfying a need.

Marginal Utility

The increase in satisfaction or utility derived from the consumption of an additional unit of a good or service.

Utility-Maximizing

A theoretical concept in economics that individuals or firms seek to achieve the greatest satisfaction or profit from their actions, subject to their resources.