When defining a strategy for your business, how can competitor analysis help you establish a USP (or Unique Selling Point)?

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QUESTION

When defining a strategy for your business, how can competitor analysis help you establish a USP (or Unique Selling Point)?

A It can enable you to offer discounts that compete directly with your competitors’ pricing

B It can identify how your offering is different in comparison to your competitors

C It can give you deeper insight into the market and their approach

D It can reveal which additional regions you could be operating in so that you can grow your business

The correct answer is:

B It can identify how your offering is different in comparison to your competitors

When defining a strategy for your business, how can competitor analysis help you establish a USP (or Unique Selling Point)?
Explanation: We will update later. sincerely thank

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