Choctaw Nation
Small Business Development
Choctaw Nation
Small Business Development
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What Can You Learn from Your Competition
Name
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First
Last
Email
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1. What are entrepreneurs similar to?
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Teams
Emperors
Scientists
Spies
2. What does the video say is a crucial part to an entrepreneur's environment?
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Weather
Advertisement
Partnerships
Competition
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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Naming your business
Decorating your location
How to write a business plan
Market Standards
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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Gaps in the market
Turning a profit
Advertising more efficiently
Ways to copy them
7. What is it called when different businesses offer similar products or services to a wide variety of customers?
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Pure Competition
Monopolistic Competition
Indirect Competition
Direct Competition
8. Who wrote about competition in the Harvard business review?
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Ricky Griffin
Michael Porter
Ronald Ebert
Stanley Brue
9. What is the 4th factor named that you must balance to be a competitive business?
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Buyer Power
Supplier Power
Threat of New Entrants
Threat of Substitution
10. What is the name of the speaker?
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Alexa Akana
Erika Akana
Anna Akana
Jessica Akana