To learn more about how market research can help you identify growth opportunities in business, check out our free white paper. Strategy Growth Opportunities Research Operations. During competitive research might show you how to mirror your competition's approach, but it won't help you surpass their results. 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 … This research work is an attempt to answer the following research questions. This is the Education Questions & Answers section on & Research Methodology& with explanation for various interview, competitive examination and entrance test. In such a climate, a competitive analysis is a powerful tool that can give you leverage over other businesses in your industry. Do you see customers “doing it themselves” when you can do it better? Competitive Research. Once you have a list of competitors, start analyzing them. It’s worth showing your respondents a selection of marketing materials from different competitors to understand what’s working well for them. As technology market research experts, we get a lot of inquiries about competitive research projects. 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. How involved is a salesperson in the process? can provide personal insights to a survey creator that might not be attained using other question types. Explore the latest questions and answers in Competitive Advantage, and find Competitive Advantage experts. Image Transcriptionclose. Sales. Research Aim: In today’s competitive corporate world, organizations are formulating and implementing customer-centric marketing strategies. That’s why we present you with 50+ sample questions that will enable you to better analyze your competition. Semrush Competitive Analysis and Keyword Research Test Answers. Do they offer regular discounts or promotions and were these a factor in their decision? Download the largest collection of free MCQs on Animal Husbandry for Competitive Exams. COMPETITIVE STRATEGIES AND CHANGES IN BANKING INDUSTRY IN NIGERIA. Is there a visible byline or bio attached to their articles? Read through to discover some of the best-kept secrets and tips to do competitive research the right way! This chart from Silicon Valley Insider is a great illustration of the types of results you can expect to get. quiz which has been attempted 5809 times by avid quiz takers. 2. Once you obtain such information, you can use it to plan and launch profitable campaigns. Why have customers chosen to leave them or not to buy from them? Also, this part often contains the company’s mission statement, tagline or slogan, and main value proposition. 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’. These simple market research and competitive research questions, will direct you as you brainstorm and plan your information product. Competitive analysis can make or break your company. Management provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. What about total sales volume? Do they use franchises or partner reselling programs? Do Your Research . Can we determine how environment affects competition in the banking industry? Thanks for reading! 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. What you can do, however, is analyze your competitors and learn from their mistakes and examples of good practice. My main research question is how banks use DT do defend existing and develop new competitive advantages. 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. Do they offer regular discounts or promotions and were these a factor in their decision? SSC GRADUATE LEVEL TIER -I EXAM 51 Questions | 3999 Attempts Quantitative Aptitude, Decision Making, Arithmetic, Syllogisms … 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. The success of any process in the age of technology is about the amount of work that can be automated. 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. Do they have several hundred blog posts or a small handful? Would they be more or less likely to buy after seeing this. To gain valuable competitor insights, you can use a tool like SEMrush. Where does your brand have the advantage over your competitor? Do they share curated content from other sources? Do you see customers spending more on your type of product or service with someone else? There's no doubt that any research project these days should begin with … A competitive analysis involves identifying your competition and evaluating their strengths and weaknesses in relation to your own business. How often does a new ebook or case study come out? To become an excellent performance in competitive exams, every student wants to prepare important aptitude questions and answers. Looking at your competition from the outside in might feel like working at a disadvantage, but by using market research to understand them, you’ve got the benefit of objectivity and perspective. The COVID-19 pandemic has upended workforces and workplaces, creating lasting change in trends that directly impact employees’ engagement and productivity. Besides—and beyond—everything else, competitive advantage research answers the question of why you are different from everyone else. Plus, these questions should make it easier for you to create your own custom competitive analysis template that will serve your specific needs. Solved examples with detailed answer description, explanation are given and it would be easy to understand ... Research Programmes; Department . How does the company differentiate itself from its competitors? Go beyond a google search. First, you'll need to figure out who you're really competing with … I then do a little research to see what position they currently hold and have held previously, in the company and externally. Ans: a. Then, take a look at the quantity of these items. The Ultimate Guide to World Class Brand Tracking, AI for Marketing - The Wonder and the Worry, Qualtrics and SAP’s new mission as a ‘system of action’ – exclusive interview, Demographic Segmentation: How to create and use it. Try this amazing Operations Research Quiz: Trivia Test! 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. In order to research your competitors, you need to identify them first. Business Plan. Download the largest collection of free MCQs on Statistics for Competitive Exams. Do they regularly discount their products or services? 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. 9008545678,9900500028. firstname.lastname@example.org. Profiling your competitors with advanced research analytics is the one of the best methods to use market research to gain a competitive advantage. CHAPTER ONE. Solved examples with detailed answer description, explanation are given and it would be easy to understand Aeronautical Engineering; Aerospace Engineering; Bio Medical Engineering; Civil Engineering; Computer Science And Engineering; … Are they a low-cost or high-cost provider? ii. Conduct … Basic General Science is one of the Important section in many other competitive exams. Which keywords are your competitors focusing on that you still haven’t tapped into? According to an NFIB (National Federation of Independent Business) poll, 53% of small-business owners describe their competitive climate as highly competitive. By identifying your competitor’s positioning strategy, … Do they publish buying guides and data sheets? Yes, with only one caveat – they actually have customers!!! ), Is the content structured for readability? This can allow you to assess different elements of their marketing, controlling for things like brand perception. Some useful questions include: What channels did they interact through? Are they more focused on driving people to landing pages, resulting in new leads? LeadQuizzes has lent $21,750 and counting to support entrepreneurs around the world. Before you start, review the information below: You will be asked 10 questions. Can … Find 34 questions and answers about working at COMPETITIVE EDGE RESEARCH. For instance, prevailing norms tell us that job candidates are expected to answer questions during interviews. Identify your competitor’s market positioning. ), Content engagement (Are users leaving comments or sharing their posts? Comprehensive and up-to-date question bank of mutiple choice objective practice questions and answers on Statistics for Competitive Exams. These strategies are devised, keeping in mind customer behaviour, customer pattern, customer preferences, customer trends, etc. Join our team on Kiva. .pdf version of this page This review is a collection of views and advice on composing research questions from problem statements. Management provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. ), Content virality (How many shares, repins, and retweets do their posts get?). 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. Next, determine the frequency of these content assets. By doing so, you eliminate the guesswork from your strategy and base your campaigns on data with a proven track record. You can easily get 2-3 marks by practicing the help of General Science Questions and answers for Competitive Exams. 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. And this section will be very scoring as the chances of getting wrong is very low. What key benefits did they understand from it? – just a small sample of the areas that our platform is capable of pulsing. 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. What is it they like or dislike, why are they choosing one business over another, and what other factors have a major business impact? Which comes first, theory or research? How does your content compare? Semrush Competitive Analysis and Keyword Research Test Answers. Below are 40 strategic questions to ask your employees or yourself from our platform that you can use that evaluate strategy comprehensively. Do they have … We have an internal resume, so I would look at that too. How in-depth does their content go? Informational interviews can be a great method for job-seekers to conduct employer research. E.g. It will allow you a behind-the-scenes look at some of your best-performing competitors. In this section, you can find numerous aptitude questions with answers and explanation. (Are they using bullet points, bold headings, and numbered lists?). Although the number of potential research questions that can be asked is almost limitless, these are two of the most common conceptual tools: List of competitive exams in India after Graduation 1. Also explore over 4 similar quizzes in this category. There are three major themes for gathering competitor analysis data. Can you find my competitor’s customers? Compare marketing positioning. MBA: Operation Research 18 Questions | 926 Attempts BUSINESS MANAGEMENT, Operations Research,Markov chains, Decision Theory, Sensitivity Analysis Contributed By: Rakesh Kumar How do they distribute their products/services? 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. a. Conducting competitive research is a crucial activity for businesses of all types. How does the online experience differ from bricks and mortar stores? Operations Research or Qualitative Approach MCQ is important for exams like MAT, CAT, CA, CS, CMA, CPA, CFA, UPSC, Banking and other Management department … All of your competitors can be divided into two basic categories – direct and indirect. i. MCQs on Research Aptitude (UGC NET Paper 1) 1. Quantitative aptitude is an important part of the aptitude sections. 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 … Determine who your competitors are. Civil Services Examination Visit: ( Graduates from any stream can apply for this exam. Who is writing their content? This test is designed for SEO specialists who use SEMrush to carry out competitive analysis and conduct keyword research. Are they using static visual content such as infographics and cartoons? 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. Dr. Enz has … The lifeblood of any business is its products and services, which makes this a solid place to start collecting data. Why You Need to Do Competitive Analysis (and How to Gain Competitor Insights), 5 Main Parts of a Competitive Analysis Template, 50+ Sample Questions to Ask in Your Competitive Analysis, 5+ Competitor Analysis Templates from Template.net, Online Strategy Competitive Analysis Template, Small Business Competitive Analysis Template, Hootsuite’s Competitive Analysis Template for Social Media, Pizza Restaurants Competitive Analysis Sample, Ride-sharing Mobile Apps Competitive Analysis Sample, Website Builders Competitive Analysis Sample, Business Online Learning Competitor Analysis Template, 40 Great Competitive Analysis Templates in Excel, Word, PDF or PPT. You can also check the annual reports from public companies online. Competitive analysis survey is the simplest way to gather competitor data. 29 Market Research Questions to Guide Your Marketing Strategy - … It is an analysis of your competitors and comparison of how their strategies relate to your own. Comprehensive and up-to-date question bank of mutiple choice objective practice questions and answers on Animal Husbandry for Competitive Exams. It’s like having your own informant in your competitors’ marketing sector, providing you with all the necessary data straight from their office. There are several free (and paid) tools that will give you a comprehensive evaluation of your competitor’s search engine optimization. in person, via phone, online Do they use franchises or partner reselling programs? Learn how to protect your business … So, here I am sharing selective top 100 quantitative aptitude questions and answers to improve your abilities through these practice questions. Are there opportunities in the market that your competitor has identified. Consider your competitors’ brand image on social media and compare how it relates to your company’s own voice. What is your competitor doing really well with? Your goal is to create a richer picture of the customer’s experience with your competitor and identify the key drivers behind consumer behavior. iii. Operations Research or Qualitative Approach MCQ Questions and answers with easy and logical explanations. 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. What is a Competitor Analysis? 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. What content of theirs is highly shared and linked to? Competitive research (or competitive intelligence) is a field of strategic research that specializes in the collection and analysis of information about rival firms. 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. Manually doing it requires a humongous amount of time and other resources. Indian Economic. In the simplest of terms, competitive advantage comes down to why certain customers like your competitors better than you. 2. Short-term competitive advantage research delivers. Caitlin Stewart Marketing Associate MarketResearch.com Today I am providing General Science Questions for Competitive Exams. In what areas would you consider this competitor as a threat? I would also ask the employee why she/he were interested, thought she/he were competitive and what she/he did to prepare. 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. Considering all these and many other customer-related aspects, companies assess as to what is successful for their business. Management and Organisations 36 Questions | 3508 Attempts Human Resources Management, Management, Leadership, Business, Motivation Contributed By: Ildiko Volcz. It’s important to spend some time assessing and refining your question before you get started. What is the weakest area for your competitor? Social media may also be a powerful conduit for their brand as well as any print, TV, or online video advertising. A competitive analysis is a vital part of your company’s marketing plan. The promise is that by gathering competitive research over time and in a systematic way you will be able to track trends and/or scenarios and be about to act on the research. What to Do if Another Company is Using Your Business Name. Step 5: Do some hands-on research. INTRODUCTION. What channels did they interact through? E.g. For ending their relationship with the company? As a theoretical basis, I want to use the Dynamic Capabilities theory. 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. Here are 7 demographic survey questions that you would want to include in your next survey! Information regarding demographics such as age, gender, income etc. Or are they posting visual content to promote engagement and brand awareness? ... I.C Competitive Exams , Railway Competitive Exam, TNPSC, University Grants Commission (UGC), Career Aptitude Test (IT Companies) and etc., Government Exams etc. Professor of Innovation and Dynamic Management and a full professor in strategy at Cornell University. Sales data is harder to come by than product data, but it’s possible to glean valuable insights on your competitors’ sales strategy. For the keywords you want to focus on, what is the difficulty level? A SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis can show you what your competitors are doing right, and what could do with some improvement. Are they publishing something new each week or once a month? This section contains the overview and profile of your company as well as your competitors. Who is referring traffic to your competitor’s site? Benchmarking takes the opposite approach. What does the sales process look like? Are there five white papers and just one ebook? Are these seen as high-end or low-cost products? A Yazamo Product. You can also assess how well they are performing in terms of achieving their business goals. 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. In the knowledge-based economy, economic and technological intelligence is a vital component of competitive research and innovation strategies. MBA: Operational research 50 Questions | 1264 Attempts O R : Business mangement Contributed By: T Singh. This is the Education Questions & Answers section on & Research Methodology& with explanation for various interview, competitive examination and entrance test. Demographic survey questions are designed while keeping in mind the core subject matter to gain the right information from respondents. What are the characteristics and needs of their social media may also be a great place to start collecting.. 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