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COMPETITIVE ANALYSIS MATRIX URL of Website or App Store LocationINSTRUCTIONSPlease post Website/app URL or whether it\'s from Apple Store or Google Play Store. WHOLE FOODS APP Apple Store and Google

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How to fill out competitive analysis matrix

01

To fill out a competitive analysis matrix, follow these steps:

02

Identify your competitors: Research and compile a list of your main competitors.

03

Determine the criteria: Determine the key factors or criteria that you will be analyzing, such as product features, pricing, marketing strategies, customer service, etc.

04

Gather information: Collect relevant information about each competitor, such as their products, pricing, market share, target audience, strengths, weaknesses, etc.

05

Rate the competitors: Assign a rating or score to each competitor for each criterion. You can use a scale of 1-5 or any other scale that suits your needs.

06

Analyze the results: Analyze the ratings to identify the strengths and weaknesses of your competitors. Look for patterns or trends that can help you make strategic decisions.

07

Take action: Based on the insights gained from the analysis, develop strategies to position your own business more effectively in the market.

08

Update regularly: Keep updating the competitive analysis matrix regularly to stay updated with the changing market dynamics and competition.

Who needs competitive analysis matrix?

01

A competitive analysis matrix is beneficial for:

02

- Businesses and startups planning to enter a new market

03

- Businesses looking to understand their competition and gain a competitive advantage

04

- Marketing teams trying to identify market trends and customer preferences

05

- Product managers aiming to improve their products by learning from competitors

06

- Business owners who want to stay updated with their industry's competitive landscape

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What is competitive analysis matrix?

A competitive analysis matrix is a tool used to compare a company's strengths and weaknesses against its competitors.

Who is required to file competitive analysis matrix?

Companies in certain industries or participating in specific projects may be required to file a competitive analysis matrix.

How to fill out competitive analysis matrix?

To fill out a competitive analysis matrix, gather information on competitors' strengths, weaknesses, opportunities, and threats, and compare them to your own.

What is the purpose of competitive analysis matrix?

The purpose of a competitive analysis matrix is to identify areas where your company can improve or gain a competitive advantage.

What information must be reported on competitive analysis matrix?

Information such as competitor profiles, market share, pricing strategies, and product offerings must be reported on a competitive analysis matrix.

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