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Mini-Quiz: Types of Business Competition

by Ron Kurtus (revised 27 May 2007)

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



1. How can a restaurant use performance to win competition with other restaurants?

Provide good food, good prices and top service

Send in people to other restaurants to disrupt their operations

Only be open when others are closed

2. How do breakfast cereal companies compete head-to-head?

They try to get the best locations of their products on the supermarket shelves

They have contests using clowns and circus animals

They refuse to eat the opponents' brands

3. What predatory competition tactics has Starbucks Coffee used to win market share?

Provide coffee that is low cost and highly tasty

Open Starbucks near smaller local coffee shop to drive them out of business

Allowed customers to bring in laptop computers

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.


Know your business competitors


Resources and references

Ron Kurtus' Credentials

Websites

Competition Resources

Succeed in Business

Using Quality Management (TQM) in Business

Using ISO 9000 in Business

Books

Top-rated books on Business Competition

Top-rated books on Business Strategies

Competitive Advantage: Creating and Sustaining Superior Performance by Michael E. Porter; Free Press (1998) $37.50 - Concepts of business and corporate strategy

Competition Demystified: A Radically Simplified Approach to Business Strategy by Bruce Greenwald, Judd Kahn; Portfolio Hardcover (2005) $26.95 - Business Strategy for executives to show how their markets work, where there competitive opportunities lie, and how to develop and protect them


Questions and comments

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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