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Identifying your competitorsand 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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An industry is an economic activity concerned with the processing of raw materials and manufacture of goods in factories. Hard work.

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Industry-production of goods or related services within an economy.
Competitive Analysis-Identifying your competitors and evaluating their strategies to determine their strengths and weaknesses relative to those of your own product or service.

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Industry- firms producing a similar product
Competitive analysis-evaluation of a competitor

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An industry is economic activity concerned with the processing of raw materials and manufacture of goods in factories. A competitive analysis is a critical part of your company marketing plan. With this evaluation you can establish what makes your product or service unique.

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An industry is a specific market for a specific product or service, such as the tech industry or food industry

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An industry is an economic activity concerned with the processing of raw materials and manufacture of goods in factories (Ex. Manufacturing, Sales, Technology, Finance, etc)

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Industry: a group of companies or firms that offer similar products or services.

Competitive analysis: identifying your competition and evaluating the strategies to be better than your competitors.

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Industry: The manufacturing or technically productive enterprises in a particular field, country, region, or economy viewed collectively, or one of these individually. A single industry is often named after its principal product; for example, the auto industry.
Industry means “hard work” in Latin

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Industry- a group of firms producing a similar product or service.

Competitive Analysis- detailed evaluation of a firm’s competitors.

Companies do this research to have an advantage in the market. Example: Setting a lower price for a good so consumers will buy their products.

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Using your background knowledge, your phone, or the textbook, research:

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Using your background knowledge, your phone, or the textbook, research:

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What is an Industry? What is a competitive analysis? Why do companies do this research? Post your responses here!