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Mini-Quiz: Business Competition

by Ron Kurtus (revised 6 October 2011)

Take this Mini-Quiz to check your understanding of the lesson material.



1. How has Toyota taken the lead from their American automobile manufacturing competitors?

By a massive advertising campaign, using top entertainers

No one can figure out how they took the lead

By offering automobiles with a reputation for quality and reliability

2. What is one advantage a shoe store may have over competitors selling the same type of shoes?

They may be located in a place that is convenient for the customers

They reduce costs by selling only one size of shoe

If they sell the same type of shoes, there is no real competition

3. Why do some people protest having Wal-Mart move into their town?

Some people don't want anything new

Wal-Mart will often drive small local stores out of business

They are angry because of being fired from Wal-Mart

If you got all three correct, you are on your way to becoming a Champion in Winning Competitions. If you had problems, you had better look over the material again.


Business thrives on competition


Resources and references

Ron Kurtus' Credentials

Websites

Competition Resources

Books

Top-rated books on Business Competition

Top-rated books on Winning Competitions

Top-rated books on Winning Strategies


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Do you have any questions, comments, or opinions on this subject? If so, send an email with your feedback. I will try to get back to you as soon as possible.


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