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3.3.2 and 3.3.3 bsuiness

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Question:

What is market mapping and what is it used for?

Author: Calum Heanue 1



Answer:

Market mapping is the process of using a graph to plot competitors and their products to understand competitor behaviour and spot a gap in the market . It also allows a business to see who their competition will be and what other products and services are available in the same sector


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Market mapping is the process of using a graph to plot competitors and their products to understand competitor behaviour and spot a gap in the market . It also allows a business to see who their competition will be and what other products and services are available in the same sector
1 answer(s) in total