Analysis should include

Process/Skill Questions:

How does competition benefit consumers and entrepreneurs?
What is the difference between direct and indirect competition?
What are key areas to consider when analyzing the competition?
How does competition determine pricing?
Why is it important to analyze the types and levels of customer service offered by competitors?
Why is it important to analyze the outlook for competitors?
How can competition benefit an entrepreneur?
What are the consequences of a company's failure to evaluate its competition?
Why is it important to continuously evaluate the position of a product compared to its competition?
Aside from price, what are other competitive advantages?
How does competition drive innovation and/or use of technology?

Teacher Resources: