‘Pricing’ and ‘Offers’ are two of the many key aspects to keep

1.	‘Pricing’ and ‘Offers’ are two of the many key aspects to keep in mind while understanding business competitors. Justify.
Answer» Pricing: Pricing means an understanding of the price at which different competitors sell their product or service. Knowledge of competitor pricing helps the entrepreneur to decide the price and quality of their own products or service. Offers: The next information that an entrepreneur can find out is about the kind of offers that the competitors give to their customers, and why does a customer go to them again and again? This knowledge will give the entrepreneur ideas on how they can be different from their competitors.

‘Pricing’ and ‘Offers’ are two of the many key aspects to keep in mind while understanding business competitors. Justify.

Answer»

Pricing: Pricing means an understanding of the price at which different competitors sell their product or service. Knowledge of competitor pricing helps the entrepreneur to decide the price and quality of their own products or service.

Offers: The next information that an entrepreneur can find out is about the kind of offers that the competitors give to their customers, and why does a customer go to them again and again? This knowledge will give the entrepreneur ideas on how they can be different from their competitors.

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