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