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State Competitive Analysis

Competitive Analysis: This is the practice of analyzing the competitive environment wherein your business operates or can say wishes to operate, as well as weaknesses and strengths of the businesses with that you compete, weaknesses and strengths of your own company, demographics and needs of marketplace customers, strategies which can develop your position in the marketplace, impediments which prevent you from entering new markets, and barriers which you can erect to save others from eroding your own place into the market.

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