Techno_Mod3_Quiz

A startup team is analyzing local businesses offering similar products. What are they trying to understand?

• Industry growth
• Competition
• Marketing mix
• Supply chain

Answer explanation

Explanation for the answer (optional)

When comparing their product with others that solve the same customer need differently, the team is studying:

• Direct competition
• Indirect competition
• Market sizing
• Trend mapping

A café analyzes both nearby coffee shops and online delivery services. This is an example of:

• Only direct competition
• Only indirect competition
• Both direct and indirect competition
• No competition

A student project team reviews which companies serve the same customer group. This process is known as:

• Competition identification
• Market expansion
• Pricing strategy
• Customer retention

In competition identification, which factor is most relevant?

• Competitor’s target market
• Company logo
• Employee count
• Office size

An entrepreneur studies how new entrants in the industry are shaping customer expectations. This activity reflects:

• Reviewing customer feedback
• Reviewing industry trends
• Reviewing competitor websites
• Mapping stakeholders

A group of students looks at how technology adoption is changing their chosen sector. They are focusing on:

• Industry growth
• Industry trends
• Direct competition
• Market segmentation

When mapping trends, including government regulations is important because:

• It affects stakeholder expectations
• It reduces production cost
• It eliminates all competitors
• It guarantees sales

A startup team engages with suppliers, customers, and regulators to understand the ecosystem. This is part of:

• Stakeholder mapping
• Direct competition
• Branding strategy
• Internal planning

A team analyzing customer reviews, suppliers, and competitors together is conducting:

• Internal evaluation
• Stakeholder mapping
• Market pricing
• Sales forecasting