Business terms and jargon explained. Your business dictionary
What is Competition analysis
This is where you identify your competitorsí and their strengths and weaknesses. This can be the product or service they provide or it can be any chink in the chain. e.g branding, price, size, quantity, colours, packaging, process, staff and suppliers.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.