What is 'competitor classification' in SAP SRD-CRM-MKT - CRM-Marketing?

competitor classification - Overview

• Component: SRD-CRM-MKT

• Component Name: CRM-Marketing

• Description: A classification of a competitor according to competition level. Competitor classifications can be, for example, High, Medium, or Low threats.

competitor classification - Details

• 
  Key Concepts: 
  Competitor classification is a feature of SAP software that allows users to classify competitors into different categories. This helps users to better understand the competitive landscape and make more informed decisions. It also allows users to compare their own performance against their competitors. 
  
  How to use it: 
  Competitor classification can be used in the SAP CRM-Marketing component. To use it, users must first define the categories they want to use for classifying their competitors. Then, they can assign each competitor to one or more of these categories. This will allow them to easily compare their performance against their competitors in each category. 
  
  Tips & Tricks: 
  When creating categories for competitor classification, it is important to make sure that they are specific enough to be useful but not so specific that they become too difficult to manage. It is also important to keep the categories up-to-date as the competitive landscape changes over time. 
  
  Related Information: 
  For more information on competitor classification in SAP, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_CRM_Marketing/7.0/en-US/f3d8f9a2b6c14e8a9f3d7c2b5f9e4d1a.html