competition analysis meaning 2

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Competition analysis means figuring out who else is in your market, what they offer, and how they operate, so you can spot their weaknesses and your own opportunities. It’s like assessing other players in a game: you look at their pricing, features, marketing, and customer feedback to understand what works and what doesn’t. This helps you make smarter decisions about your product, differentiate yourself, and avoid costly mistakes. It’s not about copying others but learning from the landscape to…