How can bar graphs be used to visualize competition in terms of market share?

Bar graphs can be used to visualize competition in terms of market share by representing each competitor's market share as a separate bar on the graph. The length or height of the bar corresponds to the size of the market share. This allows for easy comparison between different competitors. Additionally, bar graphs can be used to show changes in market share over time, if the data is available. A separate bar graph can be created for each time period, or a single bar can be divided into segments representing different time periods.

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While market share is important to any industry, it's particularly useful for those companies that plan to enter new markets. This visualization uses bar graphs to show how you match up to your competition in terms of market share across four key factors of competition. A little box on the side can hone in on qualitative or quantitative highlights at a glance. This helps provide additional context or helps readers digest the data represented in the graph.

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