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