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Bookmark or Share- Competitor - definition and meaning - Market Business NewsA Competitor is a person, business, team, or organization that competes against you or your company. If somebody is trying to beat you in a race, that person is your competitor. We do not just use the term ‘competitor’ in business. Competitors also exist in sports, politics, acting, music, literature, etc.
- What Is Competitor Analysis? Definition + Step-by-Step GuideA competitor analysis, also called competitive analysis and competition analysis, is the process of examining similar brands in your industry to gain insight into their offerings, branding, sales, and marketing approaches.
- 3 Types of Competitors to Watch (+ How to Find Them) - HubSpot BlogHere, we'll cover the three types of competitors to watch, and five ways to identify them. 3 Types of Competitors in Business 1. Direct competitors. A direct competitor probably comes to mind when you think of your competition. These are businesses offering similar (or identical) products or services in the same market.
- What Is a Competitive Analysis & How to Do It (With Template) - SemrushA competitive analysis is the process of gathering data about the products, sales, and marketing strategies of your competitors (i.e., other businesses in the same industry). Businesses use that data to identify their strengths and weaknesses and discover potential opportunities.
- Competitor Definition & Meaning - Merriam-Webstera. : rival. a fierce competitor on the soccer field. b. : one selling or buying goods or services in the same market as another. offering lower prices than our competitors. c. : an organism that lives in competition with another. The squid population increased dramatically when food competitors were depleted by heavy overfishing. Synonyms.
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