E.1-develop and maintain

Relax..! tell me what kind of movie you like?

• Action

• Comedy

• Sci-Fi

• Horror

Who are market partners in a business context?

• Competitors

• Customers

• Suppliers and collaborators

What is a key reason for maintaining effective communication with customers to sustain a good relationship?

• To collect customer feedback for product improvement

• To keep customers uninformed about business operations

• To assert dominance in the business relationship.

Which type of market partner is responsible for overseeing regulatory compliance?​ (a)  

• Customers
• Regulatory bodies
• Suppliers

Why is it important to identify the main players in your industry?​ (a)  

• To increase competition
• To reduce industry publications
• To target marketing efforts effectively

What information should you gather about competitors during a competitor analysis?

• Their favorite hobbies

• Pricing strategies

• Customer feedback

What should you assess when conducting a positioning analysis of competitors?

• Their social media following

• Their financial performance

• Their unique value proposition and brand image

What are you hobbies?

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Which of the following sources can provide lists of major companies and market share data in an industry?

• Industry publications

• Social media groups

• Online searches

What is the role of supply chain partners in a business's success?

• To provide financial support

• To help with marketing efforts

• To contribute to operational efficiency