How do you compare markets?

How to conduct a market analysis: 7 steps

  1. Determine the purpose of your study. There are many reasons why businesses might conduct market research. ...
  2. Look at your industry's outlook. ...
  3. Pinpoint target customers. ...
  4. Compare your competition. ...
  5. Gather additional data. ...
  6. Analyze your findings. ...
  7. Put your analysis into action.

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