The Focus of the Competitor Analysis Section of the Business

question 113

Multiple Choice

The focus of the competitor analysis section of the business plan is to:

• A)demonstrate the existence of the market for your product.
• B)show that your experienced management team is better than your competitors'.
• C)demonstrate your company's advantage over competitors.
• D)describe your overall product line.

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Definitions:

Company Policy

Formal guidelines and rules established by a business to dictate decisions and achieve rational outcomes.

Opportunity For Growth

The potential for personal, professional, or business expansion and development, often leading to increased skills, knowledge, or profits.

Achievement

Accomplishing a goal or reaching a target after effort, skill, or courage has been applied.

Vroom's Expectancy Theory

A theory of motivation that suggests an individual's behavior is determined by their expected results or outcomes of actions.