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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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Scientists
Emperors
Spies
Teams
2. What does the video say is a crucial part to an entrepreneur's environment?
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Competition
Weather
Advertisement
Partnerships
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
Decorating your location
How to write a business plan
Naming your business
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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Turning a profit
Advertising more efficiently
Ways to copy them
Gaps in the market
7. What is it called when different businesses offer similar products or services to a wide variety of customers?
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Monopolistic Competition
Direct Competition
Indirect Competition
Pure Competition
8. Who wrote about competition in the Harvard business review?
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Ricky Griffin
Michael Porter
Stanley Brue
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
Buyer Power
Threat of New Entrants
Supplier Power
10. What is the name of the speaker?
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Erika Akana
Alexa Akana
Jessica Akana
Anna Akana