Resources Online Training What Can You Learn from Your Competition Name* First Last Email* 1. What are entrepreneurs similar to?* Spies Emperors Scientists Teams 2. What does the video say is a crucial part to an entrepreneur's environment?* Advertisement Competition Weather Partnerships 3. We want to learn all we can, so we have the best chance of beating competitors.* True False 4. What is the first thing we can learn from competitors?* Market Standards How to write a business plan Decorating your location Naming your business 5. Copying is legal.* True False 6. Once you have a sense of what your competitors are doing, what should you look for?* Advertising more efficiently Gaps in the market Ways to copy them Turning a profit 7. What is it called when different businesses offer similar products or services to a wide variety of customers?* Pure Competition Direct Competition Indirect Competition Monopolistic Competition 8. Who wrote about competition in the Harvard business review?* Stanley Brue Michael Porter Ricky Griffin Ronald Ebert 9. What is the 4th factor named that you must balance to be a competitive business?* Supplier Power Threat of Substitution Threat of New Entrants Buyer Power 10. What is the name of the speaker?* Alexa Akana Erika Akana Jessica Akana Anna Akana This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.