
Business Competition and Strategy
Interactive Video
•
Business, Professional Development, Life Skills
•
9th - 12th Grade
•
Hard

Aiden Montgomery
FREE Resource
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential downside of hiring family members in a business?
Increased productivity
Stress and conflicts
Better communication
Reduced costs
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why should entrepreneurs be cautious of their competitors?
Competitors are always more experienced
Competitors have more resources
Competitors can be more creative and replicate your business
Competitors can offer better salaries
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What did the competitor do after the speaker's company opened their first store?
They partnered with the speaker's company
They opened a single store
They ignored the new store
They copied the store concept and expanded rapidly
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did the speaker's company manage to outperform the competitor?
By understanding the watch business better
By opening more stores
By lowering prices
By hiring more employees
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key lesson about competition mentioned in the video?
Focus only on your own business
Never underestimate the ability of your competition to copy you
Always lower your prices
Avoid expanding too quickly
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