… Once you have a list of competitors, start analyzing them. You can easily get 2-3 marks by practicing the help of General Science Questions and answers for Competitive Exams. Informational interviews can be a great method for job-seekers to conduct employer research. Strategy Growth Opportunities Research Operations. The quantitative aptitude questions with answers mentioned above covers various categories and extremely helpful for competitive exams. There are several free (and paid) tools that will give you a comprehensive evaluation of your competitor’s search engine optimization. Sales data is harder to come by than product data, but it’s possible to glean valuable insights on your competitors’ sales strategy. Big Idea Basic Frameworks of Competitive Analysis. Do they have several hundred blog posts or a small handful? (In-house team? A research question is the fundamental core of a research project, study, or review of literature. Bibliography given in a research report a. helps those interested in further research and studying the problem from another angle b. shows the vast knowledge of the researcher c. makes the report authentic d. none of the above. Caitlin Stewart Marketing Associate MarketResearch.com How often does a new ebook or case study come out? MBA: Operational research 50 Questions | 1264 Attempts O R : Business mangement Contributed By: T Singh. Do they publish buying guides and data sheets? Using SurveyMonkey’s competitor research survey template can help you find out how your offering compares to your competitors’ in the eyes of your consumers, which has several potential benefits. Along with the research you’re doing through software and tools, it’s a good idea to get hands-on with your competitive research. In order to make this process as easy for you as possible, we’ve prepared more than 50 research questions to make sure you do your competitor analysis the right way, as well as 50 competitive analysis template ideas to make sure you document your findings properly. 6 questions to determine competitive advantage 06 MARCH 2011 9:44 PM The ability of resources or capabilities to lead to a sustainable competitive advantage depends on the answers to these six questions. And this section will be very scoring as the chances of getting wrong is very low. In order to research your competitors, you need to identify them first. (Products, content marketing, social. When I talk about the concept of competitive research as a core practice, I sometimes encounter some pushback from business owners. Find 34 questions and answers about working at COMPETITIVE EDGE RESEARCH. Required fields are marked *. A Yazamo Product. Here are 7 demographic survey questions that you would want to include in your next survey! Which social media platforms is your target audience using and the most active on? Considering all these and many other customer-related aspects, companies assess as to what is successful for their business. This chart from Silicon Valley Insider is a great illustration of the types of results you can expect to get. iii. 25 Multiple Choice Questions are presented with the answers at the end of the page. It will allow you a behind-the-scenes look at some of your best-performing competitors. The exact form of your question will depend on on the length of your project, the type of research, the topic, and the research problem. Here are 40 questions job-seekers can ask prospective employers during informational interviews to conduct company research and learn as much about the company as possible. You can also check the annual reports from public companies online. Indian Economic. Where does your competitor have the advantage over your brand? 2. This can allow you to assess different elements of their marketing, controlling for things like brand perception. In this section, you can find numerous aptitude questions with answers and explanation. Short-term competitive advantage research delivers. It’s like having your own informant in your competitors’ marketing sector, providing you with all the necessary data straight from their office. This allows you to gather deep insights about what lies behind their responses – you can analyze these automatically using text analytics to surface key topics and sentiment so there’s no need to spend days sifting through all the comments. What does the sales process look like? Can you find my competitor’s customers? ... She recently served as Associate Dean for Industry Research and Affairs, and served as the Executive Director of the school’s Center for Hospitality Research from 2000-2003. This way you can learn what’s working for your competitors and try to outperform that. MarketResearch.com offers syndicated research and competitive intelligence on 26 different competitive industries. The COVID-19 pandemic has upended workforces and workplaces, creating lasting change in trends that directly impact employees’ engagement and productivity. Question 5 Based on market research, a film production company (monopolistically competitive firm) in Ectenia obtains the following information about the demand and production costs of its new DVD: Demand: P = 1,000 - 10Q Total Revenue: TR = 1,000Q – 10Q2 Marginal Revenue: MR = 1,000 – 20Q Marginal Cost: MC= 100 + 10Q where Q indicates the … Semrush Competitive Analysis and Keyword Research Test Answers. Are they a low-cost or high-cost provider? Read through to discover some of the best-kept secrets and tips to do competitive research the right way! Is there a visible byline or bio attached to their articles? Determine who your competitors are. First, you'll need to figure out who you're really competing with … Try this amazing Operations Research Quiz: Trivia Test! Do they offer regular discounts or promotions and were these a factor in their decision? How does the online experience differ from bricks and mortar stores? Competitive Research. Your goal is to create a richer picture of the customer’s experience with your competitor and identify the key drivers behind consumer behavior. This is the Education Questions & Answers section on & Research Methodology& with explanation for various interview, competitive examination and entrance test. It mostly reads as a list of tips and suggestions. As technology market research experts, we get a lot of inquiries about competitive research projects. Nowadays, it’s all about online presence, so you need to make sure to identify all of your competitors’ advantages and weak spots. Big Idea Basic Frameworks of Competitive Analysis. Social media may also be a powerful conduit for their brand as well as any print, TV, or online video advertising. Basic General Science is one of the Important section in many other competitive exams. Learn how to protect your business … Civil Services Examination Visit: ( Graduates from any stream can apply for this exam. Image Transcriptionclose. How do they distribute their products/services? MCQs on Research Aptitude (UGC NET Paper 1) 1. During competitive research might show you how to mirror your competition's approach, but it won't help you surpass their results. One person? Business Plan. Do they share curated content from other sources? Solved examples with detailed answer description, explanation are given and it would be easy to understand Related Topics. How in-depth does their content go? E.g. Who is referring traffic to your competitor’s site? The term competitive research often conjures up notions of spying and espionage, but the fact is, you must commit to ongoing competitive research as a way to grow and evolve. Your own sales team can help here by tracking what customers have said about competitors and how they’ve made a decision between providers. How involved is a salesperson in the process? Aeronautical Engineering; Aerospace Engineering; Bio Medical Engineering; Civil Engineering; Computer Science And Engineering; … In this example, the criteria that users use to choose their mobile search engine is hugely different from … All of your competitors can be divided into two basic categories – direct and indirect. i. Do they regularly discount their products or services? Can we determine how environment affects competition in the banking industry? A competitive analysis is a research process that uncovers who your competitors are and how their products, positioning, strengths, and weaknesses compare to your brand. 2. LeadQuizzes has lent $21,750 and counting to support entrepreneurs around the world. But first, let’s go one step backward. All Rights Reserved. Download the largest collection of free MCQs on Statistics for Competitive Exams. ... Research Questions. It is an analysis of your competitors and comparison of how their strategies relate to your own. This research work is an attempt to answer the following research questions. Around 6-10 Questions are from general science in SSC CGL exam. In many cases, it includes pricing details for key products and services, as well as distribution channel details (such as information on wholesalers, retailers, and affiliates). To help target the most useful information, consider questions like: You can also look for key differences between their products and yours – try to identify why consumers choose them over you and be specific about particular product features or aspects of their services. I would also ask the employee why she/he were interested, thought she/he were competitive and what she/he did to prepare. The website is usually the center point of your competitors’ marketing operation. The main purpose of a competitive analysis is to help business owners determine potential opportunities or barriers within a market and monitor the way competitors are managing their marketing, sales, and distribution. in person, via phone, online. ... Research Programmes; Department . Professor of Innovation and Dynamic Management and a full professor in strategy at Cornell University. • Before you redesign. What is it they like or dislike, why are they choosing one business over another, and what other factors have a major business impact? Go beyond a google search. Do you see customers spending more on your type of product or service with someone else? Featured Content. Operations Research or Qualitative Approach MCQ is important for exams like MAT, CAT, CA, CS, CMA, CPA, CFA, UPSC, Banking and other Management department … Benchmarking takes the opposite approach. Below are 40 strategic questions to ask your employees or yourself from our platform that you can use that evaluate strategy comprehensively. Dr. Enz has … quiz which has been attempted 5809 times by avid quiz takers. Once you learn what your competitor’s greatest weaknesses are, you can try to find a way how to use it against them and ‘steal’ some of their customers. What content of theirs is highly shared and linked to? To answer these questions, retailers need to do some detective work and gather competitive intelligence. To become an excellent performance in competitive exams, every student wants to prepare important aptitude questions and answers. Strategic Competitive Analysis Questionnaire. It's an essential tactic for finding out what your competitors are doing and what kind of threat they present to the success of your company. There are three major themes for gathering competitor analysis data. What are their customers reasons for not buying? SWOT analysis. What channels did they interact through? Are these seen as high-end or low-cost products? Gaining Competitive Advantage in the Gray Zone. Thanks for reading! Additionally, competitor research usually involves spying on the competition and making assumptions about their approaches to certain problems or solutions. Then, take a look at the quantity of these items. in person, via phone, online Do they use franchises or partner reselling programs? This section usually contains the competitors’ target audience information, which can be used to create customer personas and which can prepare you for when those customers abandon your competitors for you. Step 5: Do some hands-on research. Do they have … It’s worth showing your respondents a selection of marketing materials from different competitors to understand what’s working well for them. It focuses the study, determines the methodology, and… A competitive analysis is all about asking the right questions and obtaining quality answers on your competitors, with the aim of advancing your own business. Although the number of potential research questions that can be asked is almost limitless, these are two of the most common conceptual tools: Management provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Besides—and beyond—everything else, competitive advantage research answers the question of why you are different from everyone else. Analyzing your competition allows you to identify and emphasize your own relative strengths to stand out in your customers minds in any number of competencies, whether price, quality, or service. Yes, with only one caveat – they actually have customers!!! You can also assess how well they are performing in terms of achieving their business goals. Objectives Type Questions in Business Research - MCQs Research Methods - MCQ's The items is one of several pages on the website, Designed to test visitor’s knowledge of the basic concepts of business research. Copyright © 2021 LeadQuizzes. Using these six questions can help hotel leaders determine whether given resources or capabilities have the potential to deliver a sustainable competitive advantage. As promised at the beginning of the article, here you’ll find 50 free competitive analysis templates and samples to use for your own analysis: Your email address will not be published. Ask yourself the above questions and add your answers to my free competitive intelligence template. SSC GRADUATE LEVEL TIER -I EXAM 51 Questions | 3999 Attempts Quantitative Aptitude, Decision Making, Arithmetic, Syllogisms … .pdf version of this page This review is a collection of views and advice on composing research questions from problem statements. ), Content virality (How many shares, repins, and retweets do their posts get?). ), Is the content structured for readability? (Is it introductory level that just scratches the surface or more advanced topics with high-level ideas? Management and Organisations 36 Questions | 3508 Attempts Human Resources Management, Management, Leadership, Business, Motivation Contributed By: Ildiko Volcz. Do you see customers “doing it themselves” when you can do it better? Are they working mainly volume sales or one-o purchases? To gain valuable competitor insights, you can use a tool like SEMrush. List of competitive exams in India after Graduation 1. A competitive analysis involves identifying your competition and evaluating their strengths and weaknesses in relation to your own business. New research on competitive advantage from Harvard Business School faculty on issues including the economic damage caused by America's political dysfunction, the importance of a strong manufacturing sector, and how collaboration serves as a new and important source of competitive advantage. Join our team on Kiva. Or are they posting visual content to promote engagement and brand awareness? Are these sources regular contributors? You can also include any web pages that reference your competition. Although the number of potential research questions that can be asked is almost limitless, these are two of … Are they more focused on driving people to landing pages, resulting in new leads? – just a small sample of the areas that our platform is capable of pulsing. This is the Education Questions & Answers section on & Research Methodology& with explanation for various interview, competitive examination and entrance test. If you’re using an employee engagement survey to gauge that impact, make sure to focus on key performance drivers and ask questions that will truly surface whether employees feel motivated to put energy and effort into their … Competitive analysis helps you make your business unique. For ending their relationship with the company? Competitive analysis survey is the simplest way to gather competitor data. The lifeblood of any business is its products and services, which makes this a solid place to start collecting data. To learn more about how market research can help you identify growth opportunities in business, check out our free white paper. consultants in organization effectiveness providing support in development of human resources and organizational systems: ... Now, write another positioning statement for how you plan to answer these questions in the future. For the keywords you want to focus on, what is the difficulty level? E.g. It includes background information on your direct (or even indirect) competitors, such as headquarters, the number of employees, names of key staff members, recent acquisitions, and so on. By identifying your competitor’s positioning strategy, … In the knowledge-based economy, economic and technological intelligence is a vital component of competitive research and innovation strategies. Operations Research or Qualitative Approach MCQ Questions and answers with easy and logical explanations. Sales. These questions cover such areas as:General Strategy, Competition, Product, Pricing, Customers, Sales, etc. What you can do, however, is analyze your competitors and learn from their mistakes and examples of good practice. Nowadays, with so many competitors and new businesses appearing every day, it’s hard to ‘reinvent the wheel’ and come up with the next big idea that will outshine everyone else’s. Are there five white papers and just one ebook? Can … If you’re able to bring together a large enough panel to include a representative sample of your competitors’ customers, you can dig deeper into their sales process and the key touchpoints that made people choose your competitors or not. What channels are they selling through? Competitive English sections cater to you the questions and answers on general English Aptitude with easy and logical explanations. Do they have multiple locations and how does this give them an advantage? There's no doubt that any research project these days should begin with … Conduct … Also, this part often contains the company’s mission statement, tagline or slogan, and main value proposition. An effective way to measure or identify differentiators or competitive advantage is to ask Customer Satisfaction questions. Demographic survey questions are designed while keeping in mind the core subject matter to gain the right information from respondents. Can we determine the strategies that affect competition in the banking industry? Research into what the competition’s customers find useful, what they find attractive, and where those products fail can guide selection and prioritization of features for your own product. Here are answers to three of our most frequently asked questions: 1. This post of General Science Questions for Competitive Exams is very important also related to General GK Questions and Answers. INTRODUCTION. This section contains the overview and profile of your company as well as your competitors. Are they using different pricing strategies for online purchases versus brick and mortar? ... I.C Competitive Exams , Railway Competitive Exam, TNPSC, University Grants Commission (UGC), Career Aptitude Test (IT Companies) and etc., Government Exams etc. Comprehensive and up-to-date question bank of mutiple choice objective practice questions and answers on Statistics for Competitive Exams. As your product develops and evolves, competitive research can answer questions about design directions. These strategies are devised, keeping in mind customer behaviour, customer pattern, customer preferences, customer trends, etc. Why have customers chosen to leave them or not to buy from them? Using these resources, you can start gathering data and dropping it into your competitive analysis spreadsheet so that your findings are all stored in a single, organized space. What key benefits did they understand from it? How to begin the competitor research process Do you see a competitor getting more of your ideal customer than you are? What is your competitor doing really well with? What other sites are linking back to your competitor’s site, but not yours? According to an NFIB (National Federation of Independent Business) poll, 53% of small-business owners describe their competitive climate as highly competitive. These simple market research and competitive research questions, will direct you as you brainstorm and plan your information product. (Are they using bullet points, bold headings, and numbered lists?). This test is designed for SEO specialists who use SEMrush to carry out competitive analysis and conduct keyword research. 29 Market Research Questions to Guide Your Marketing Strategy - … ), Content engagement (Are users leaving comments or sharing their posts? With each thing you test, ask your respondents to tell you: And for all of these questions, make sure you include an open text field for your respondents to tell you ‘why’. 9008545678,9900500028. email@example.com. ii. We have an internal resume, so I would look at that too. Profiling your competitors with advanced research analytics is the one of the best methods to use market research to gain a competitive advantage. Collecting competitor data takes some effort, so it’s essential to understand why you are doing it and what you can achieve. Competition research and assessment doesn't need to be complicated. Where does your brand have the advantage over your competitor? It’s important to spend some time assessing and refining your question before you get started. How does the company differentiate itself from its competitors? In the simplest of terms, competitive advantage comes down to why certain customers like your competitors better than you. What to Do if Another Company is Using Your Business Name. It’s an analysis that helps you answer competitive research questions like: Some useful questions include: What channels did they interact through? You’ve done it for your business, and it’s a great place to start when evaluating your competitors. Ans: a. In such a climate, a competitive analysis is a powerful tool that can give you leverage over other businesses in your industry. How does your content compare? That’s why we present you with 50+ sample questions that will enable you to better analyze your competition. Competitive research (or competitive intelligence) is a field of strategic research that specializes in the collection and analysis of information about rival firms. First, visit the following sites to see if your competition has an account on these platforms (Facebook, Twitter, Instagram, Snapchat, LinkedIn, YouTube, Pinterest, etc. The more time you send testing your product ideas before you create them, the more likely you’ll be to create a product that the market desperately wants to buy. In some cases, you might want to anonymize the assets you show – say for example you want to understand how consumers respond to their print advertising you could show them with the brand names removed, or just get their reactions to straplines, special offers and other parts of the advertising. Operations Research or Qualitative Approach MCQ Questions and answers with easy and logical explanations. Which comes first, theory or research? Management provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Plus, these questions should make it easier for you to create your own custom competitive analysis template that will serve your specific needs. Identify your competitor’s market positioning. can provide personal insights to a survey creator that might not be attained using other question types. My main research question is how banks use DT do defend existing and develop new competitive advantages. Do they use franchises or partner reselling programs? By doing so, you eliminate the guesswork from your strategy and base your campaigns on data with a proven track record. Around 20 questions will be asked in ALP Exam and 25 questions in group-D exam. Before you start, review the information below: You will be asked 10 questions. Comprehensive and up-to-date question bank of mutiple choice objective practice questions and answers on Animal Husbandry for Competitive Exams. The competition can help offer key lessons for anyone trying to carve out a marketplace niche—start by learning how to conduct, prepare and analyze your competitor research. Also explore over 4 similar quizzes in this category. Your email address will not be published. Download the largest collection of free MCQs on Animal Husbandry for Competitive Exams. A SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis can show you what your competitors are doing right, and what could do with some improvement. A competitive analysis is a vital part of your company’s marketing plan. Competitive research is crucial to your success as a business because it arms you with the ability to quickly identify industry trends and adapt to competitor campaigns or strategies in order to maintain a foothold or out-compete them entirely. Competitive analysis and bench-marking is critical if you want to increase the profitability of your product and build your brand. Once you obtain such information, you can use it to plan and launch profitable campaigns. I then do a little research to see what position they currently hold and have held previously, in the company and externally. Next, determine the frequency of these content assets. Is their content free and available to anyone or do their readers need to opt-in? CHAPTER ONE. Solved examples with detailed answer description, explanation are given and it would be easy to understand In what areas would you consider this competitor as a threat? a. Which keywords are your competitors focusing on that you still haven’t tapped into? Compare marketing positioning. ... Types of questions to be included in your competitor analysis survey By documenting the outlines on which your business should be performing in the targeted market, you will be able to guide your whole team about the company attributes they should be … Operations Research or Qualitative Approach MCQ is important for exams like MAT, CAT, CA, CS, CMA, CPA, CFA, UPSC, Banking and other Management department … What online and offline advertising campaigns are they running? Multiple contributors?). Combine them to find a competitive advantage for your small business. Information regarding demographics such as age, gender, income etc. It can help to build core brand values, helps with market positioning and repositioning, and can help you determine what you need to improve in your business in the longer term. Information on their product range, prices and quality should be freely available, as should details of any special offers or loyalty programs they offer. What is the weakest area for your competitor? Do they offer regular discounts or promotions and were these a factor in their decision? It can help you find out what’s unique your competitor’s product or service so that you can use this information to further improve your own product or service. We’ve divided these questions into several sections, depending on the issue they try to explore: Most of these sample questions have been borrowed from this awesome guide on how to start a competitive analysis, so make sure to check it out for some additional information.
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