Resources Online Training What Can You Learn from Your Competition Name* First Last Email* 1. What are entrepreneurs similar to?* Teams Scientists Emperors Spies 2. What does the video say is a crucial part to an entrepreneur's environment?* Competition Advertisement Partnerships Weather 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 Decorating your location Market Standards Naming your business 5. Copying is legal.* False True 6. Once you have a sense of what your competitors are doing, what should you look for?* Advertising more efficiently Turning a profit Gaps in the market Ways to copy them 7. What is it called when different businesses offer similar products or services to a wide variety of customers?* Monopolistic Competition Pure Competition Indirect Competition Direct Competition 8. Who wrote about competition in the Harvard business review?* Michael Porter Stanley Brue Ronald Ebert Ricky Griffin 9. What is the 4th factor named that you must balance to be a competitive business?* Supplier Power Buyer Power Threat of New Entrants Threat of Substitution 10. What is the name of the speaker?* Jessica Akana Alexa Akana Anna Akana Erika Akana This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.