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