What term is used for an honest assessment about how a company competes in its industry?

The term that accurately describes an honest assessment of how a company competes in its industry is Competitive Analysis. This concept involves evaluating a company's strengths and weaknesses, as well as identifying opportunities and threats in relation to its competitors. A competitive analysis provides insights into the competitive landscape, helping a company understand its market position better and make informed strategic decisions.

Market Position, while related, specifically refers to a company's standing or ranking in the market compared to its competitors, rather than the broader assessment involved in analyzing competition. Growth Strategy pertains to plans a company might have for expansion or increased market share, which is a separate focus from understanding competitive dynamics. Capacity refers to the maximum amount of production or service a company can handle, which does not address the company's competitive standing. Thus, Competitive Analysis is the most fitting term for the question.