Competitive analysis is a type of market research. It’s the process of evaluating and understanding the strengths and weaknesses of competitors in your market. It involves gathering and analyzing data on competitors’ products, pricing, marketing strategies, distribution channels, and customer base. ...
A competitive analysis helps businesses discover strengths and weaknesses of companies in their industry. Create a competitive analysis with this free template.
The normal distribution is a bell-shaped curve where data clusters symmetrically around the mean, useful in statistics and natural phenomena modeling.
A probability distribution is an indispensable means of coping with reality. It is when sifting through uncertain situations that probability distributions lend themselves to well-saved decisions. Money will be another example: probability distributions work as compasses to slot into the investment land, ...
A scatter plot is a chart that displays the values of two variables as points. The data for each point is represented by its position on the chart.
Data visualisation refers to the graphical representation of information and data. By using visual elements like charts, graphs, timelines and maps, data visualisation is an accessible way to see and understand trends, outliers, correlations and patterns
The PESTEL analysis is a framework that can help marketers assess whether macroeconomic factors are affecting an organization. This is a critical step that helps organizations identify potential threats and weaknesses that can be used in other frameworks, such as SWOT, or to gain a broader and ...
What Is PEST Analysis? A PEST (political, economic, social, and technological) analysis is a management technique that enables an organization to evaluate key external elements that could impact its activities or performance. This helps an organization become more competitive in the market. ...
In short, distribution channels determine the path goods take from the manufacturer to the final consumer. Thus, they have a direct impact on sales. There are many types, formats, and levels of distribution channels. The first step is to understand each of them. To help you with this task...
This process can be facilitated by an ABC data sheet or an ABC behavior chart, which provides a visual representation of the inventory distribution across the three categories. Classification of Inventory: A, B, and C Categories In ABC Analysis,inventoryis categorized into three distinct classes—...