Quiz-Competition and Competitorsfffffff.pptx

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1. QUIZ TIME

2. #1 This refers to industry rivalry among companies of the same or related industry is an in?evitable part of the business world of any business size.

3. #2 This what sets your business apart from your competition. And highlights the benefits a customer receives when they do business with you. It could be your products, service, reputation, or even your location.

4. GIVE THE FOUR (4) METHODS OF COMPETITIVE ADVANTAGE #3-6

5. #7 Used a defensive strategy to distance themselves from competitor

6. #8 Find attributes that is important and set them apart from their competitor

7. #9 An advantage occurs when business is able to offers same products at a lower price.

8. #10 Advantage of seeking strategic alliance with other within related or within businesses.

9. #11 Refers to the individuals or companies who desires to possess or make use of products and services. They play a huge role in the success of your business.

10. #12 Provide inputs that the firms in an industry need to create the goods and services that they in turn sell to their buyers.

11. #13 Goods/services that can be used in place for another. These goods may, even if partly, satisfy the same needs of a consumer such that the consumer may use one for instead for another.

12. #14-15 Give 2 examples of Substitute/s Products

13. #16 A term that refers to the business of agricultural production, including farming, processing, and distribution of agricultural products. The industry of agribusiness is an essential part of the global economy, as it provides food and other agricultural products to consumers worldwide.

14. #18 The creation of finished goods through the use of tools, human labor, machinery, and chemical processing.

15. #19 This type of manufacturing is commonly referred to as 3D printing.

16. #20 This method involves new forms of technology to improve the production process.

17. #21 A company estimates how many units will be sold over a given period of time and plans in advance to manufacture that many goods. Goods are often held as inventory leading up to the release and broad distribution of the goods.

18. #22-25 Write the Retail Supply Chain