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How is it important to be aware about competitors and their products??

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Question added by Golam Muhammed Pasha Pasha , 3rd Layer Managment , APM Global Logistics Bangladesh Ltd Trading as Damco A/S
Date Posted: 2014/06/11
Haseeb Khalid
by Haseeb Khalid , Sales and Promotion Manager. , Medi Urge

Equally important as much your sales. 

amer jayyousi
by amer jayyousi , Business Development Consultant , freelance

It is very important to understand your market,your customers demographics and psychographics,your competitors and their products,their strategies and their expectations.

 

Mohammad Tohamy Hussein Hussein
by Mohammad Tohamy Hussein Hussein , Chief Executive Officer & ERP Architect , Egyptian Software Group

It is as important as knowing your company and its product(s)/service(s).

IRPHAN GHANI
by IRPHAN GHANI , Senior Management , A

Knowing about competition would arm you with information as to what edge your product / services have over theirs.

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