
Competitor Analysis for Start-ups
Quiz
•
Business
•
12th Grade
•
Practice Problem
•
Medium
Dominic Calvert
Used 6+ times
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35 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first step in identifying competitors for a start-up business?
Conducting a SWOT analysis
Analysing customer feedback
Researching the market to find similar businesses
Setting competitive pricing models
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a component of a SWOT analysis?
Strengths
Opportunities
Threats
Pricing
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the 'W' in SWOT analysis stand for?
Weaknesses
Wealth
Wins
Workforce
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which strategy involves positioning a product as the most affordable option in the market?
Differentiation strategy
Cost leadership strategy
Focus strategy
Diversification strategy
5.
MATCH QUESTION
30 sec • 1 pt
Match the following methods with their impact on industry trend monitoring.
Potentially losing market share
Reducing marketing efforts
Overlooking market changes
Reading industry reports and publications
Decreasing brand visibility
Ignoring competitors
Staying informed about market dynamics
Increasing product prices
6.
DRAG AND DROP QUESTION
30 sec • 1 pt
(a) is a competitive pricing model.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary goal of market positioning strategies?
To increase production costs
To establish a brand's image in the consumer's mind
To reduce employee turnover
To eliminate all competitors
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