Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Business Plan : Delivery Drone Services Questions: Remember to look just not at products, but also features and benefits. Customers - Who are their customers?

Business Plan : Delivery Drone Services

Questions:

  1. Remember to look just not at products, but also features and benefits.
  2. Customers - Who are their customers? You cannot simply assume they are the same as yours. You may have very different target markets.
  3. Product What do they really sell? What features and benefits make their product unique? What is their niche?
  4. Price Are their prices in line with customer expectations and values?
  5. Placement How do they deliver the product to the customer? Where do they sell and how?
  6. Promotion What type of promotions do they run? In what media and to what audience? Do they seem to be effective?
  7. Location Where are your competitors located? Is it convenient for their customers?
  8. Company Image What is their reputation? Do they have a lot of goodwill or are people looking for an alternative?
  9. Weaknesses and strengths What things do they do best? In what ways are they weak?

Your Business

Competitor Identity

(Direct)

Competitor Identity

(Direct)

Competitor Identity

(Direct)

Competitor Identity

(Indirect)

Location

Company Image

Strengths

Weaknesses

Customers/ Target market

Explain Product Quality &

Positioning Strategy

Explain Pricing Strategy

Explain Placement Strategy

Explain Promotion

Strategy

Analytical Comparison of Competitors Briefing:

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Process

Authors: Lee Long

4th Edition

978-0201822939,0201822938

More Books

Students also viewed these General Management questions