AB 299 Course Great Wisdom / tutorialrank.com AB 299 Course Great Wisdom / tutorialrank.com | Page 5

factors and rate the strength of each one in Tim’s business as well as his primary competitors. See the example below. Each coffee shop was ranked first, second or third in each of the factors that may or may not affect their competitive advantage. Now using competitors researched on the Internet or in your local area, create a CPM for Tim. Other factors you may wish to consider include: Price Selection Service Reliability Expertise Company Reputation Social Responsibility Appearance Credit Policies Advertising You can examine the above data in several ways. While the total score for Tim’s business maybe is higher than his major competitors, Tim’s may have a lower score in another area which means they are not as competitive in those areas. Some of these areas might allow their competitors to create advantages and their customers or potential customers may choose their competitor over Tim’s business. For example, if their products are closely rated but their competitor has a