What is the meaning of competitive analysis?

[WoodsPainting]

What is the meaning of competitive analysis?

[neelseowork]

Identifying your competitors and evaluating their strategies to determine their strengths and weaknesses relative to those of your own product or service.

[ritesh3592]

It is the process of comparing the strengths and weaknesses of your own business or product to those of other businesses, in order to make your business or product more competitive

[sophiawils59]

A competitor analysis is an assessment the position of potential competitors. It is a common market research activity that is performed to identify opportunities and risks associated with strategies such as a new product.

[RH-Calvin]

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--and therefore what attributes you play up in order to attract your target market.

[RuskinF]

In that, you analyse the compoetitor as well as your website.
You analyze all the stats required to compare yourself with your competitor.