Test Study your competition

QUESTION 1: WHY IS IT ESSENTIAL FOR A COMPANY OR ORGANIZATION TO STUDY ITS COMPETITORS?

Various information, such as your business model, marketing strategies, pricing, market share and customer reviews
None of the above
Information about your aspirations and projects
Only information about your marketing strategies

To assess how you are positioned in the market in terms of products and other aspects relevant to your industry
To know the marketing strategies used by competitors and copy them
To obtain confidential information from competitors and use it for their own benefit
None of the above