Once a company has identified its main competitors and their strategies, it must next ask:
A) What are competitors seeking?
B) What are the competitive brand attributes?
C) What are the subtle market entrance requirements?
D) What is the attrition rate in the market?
E) What are the competitive promotion schemes?

Question

Quizplus · Accepted Answer

Knowing what competitors are seeking (such as market share, profit margins, customer loyalty, etc.) can help a company better understand how to position themselves in the market and develop their own strategies. Understanding the competitive brand attributes and market entrance requirements can also be useful, but they are not as directly related to competitors' strategies. Attrition rate and promotion schemes may be relevant factors, but they are not the primary focus of this question.

Once a Company Has Identified Its Main Competitors and Their