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What is the meaning of competitive analysis?

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Hi Friends,

Competitive analysis does the comparison, between the website I am optimizing, and the website that is ranked highly in search results.

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Definition: Identifying your competitors and evaluating their strategies to determine their strengths and weaknesses relative to those of your own product or service. A competitive analysis is a critical part of your company marketing plan.

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 Identifying your competitors and evaluating their strategies to determine their strengths and weaknesses relative to those of your own product or service. A competitive analysis is a critical part of your company marketing plan.

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A competitive analysis distinguishes your rivals and assesses their techniques to decide qualities and shortcomings comparative with your image. A competitive analysis frequently incorporates a SWOT analysis that enables the advertiser to characterize a competitive promoting plan.

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Competitive analysis is the way toward utilizing competitiveinsight to break down the qualities and shortcomings of an organization's commercial center rivals. All data accumulated in serious knowledge is gotten lawfully and morally and is taken from data accessible to the public.A

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