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