Competitive Marketing Strategy Question:
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When adopting a market perspective, the competition is defined as task competition whereby companies are trying to satisfy customer or customer group, needs and wants. Which of the following illustrate a company adopting a market perspective identification of competitors?

Answer:

1. Heineken views Coors as its competition.
2. Heineken views the entire social drinking market to identify its competitors.
3. Heineken views Carlsberg as its competition.
4. Heineken views Smirnoff Ice as its competition.

Answer: Heineken views the entire social drinking market to identify its competitors.

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The first approach of any competitor analysis is to establish is what?Competitive advantage is gained through the offering customers greater value. How can this be achieved?