Resources Online Training What Can You Learn from Your Competition Name* First Last Email* 1. What are entrepreneurs similar to?* Spies Teams Scientists Emperors 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.* True False 4. What is the first thing we can learn from competitors?* Naming your business Market Standards How to write a business plan 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 Direct Competition Indirect Competition Pure Competition 8. Who wrote about competition in the Harvard business review?* Ricky Griffin Ronald Ebert Michael Porter Stanley Brue 9. What is the 4th factor named that you must balance to be a competitive business?* Threat of Substitution Buyer Power Supplier Power Threat of New Entrants 10. What is the name of the speaker?* Alexa Akana Jessica Akana Anna Akana Erika Akana This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.