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. Who is writing their content? Here are answers to three of our most frequently asked questions: 1. Do they use franchises or partner reselling programs? 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 … As a theoretical basis, I want to use the Dynamic Capabilities theory. E.g. In this example, the criteria that users use to choose their mobile search engine is hugely different from … ... Research Questions. • Before you redesign. Consider your competitors’ brand image on social media and compare how it relates to your company’s own voice. This is the Education Questions & Answers section on & Research Methodology& with explanation for various interview, competitive examination and entrance test. I then do a little research to see what position they currently hold and have held previously, in the company and externally. It mostly reads as a list of tips and suggestions. A SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis can show you what your competitors are doing right, and what could do with some improvement. 10 Tips on How to Research Your Competition Keeping tabs on your competition is a great strategy for growing your business. How involved is a salesperson in the process? Additionally, competitor research usually involves spying on the competition and making assumptions about their approaches to certain problems or solutions. Do you see customers spending more on your type of product or service with someone else? Do you see customers “doing it themselves” when you can do it better? Do they have several hundred blog posts or a small handful? It is an analysis of your competitors and comparison of how their strategies relate to your own. You can also check the annual reports from public companies online. Would they be more or less likely to buy after seeing this. How in-depth does their content go? Try this amazing Operations Research Quiz: Trivia Test! Although the number of potential research questions that can be asked is almost limitless, these are two of … ... I.C Competitive Exams , Railway Competitive Exam, TNPSC, University Grants Commission (UGC), Career Aptitude Test (IT Companies) and etc., Government Exams etc. 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. 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. Competitive analysis can make or break your company. And this section will be very scoring as the chances of getting wrong is very low. ), Is the content structured for readability? One person? Also, this part often contains the company’s mission statement, tagline or slogan, and main value proposition. You can also assess how well they are performing in terms of achieving their business goals. In the simplest of terms, competitive advantage comes down to why certain customers like your competitors better than you. Management provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. What channels did they interact through? Using these six questions can help hotel leaders determine whether given resources or capabilities have the potential to deliver a sustainable competitive advantage. 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. To answer these questions, retailers need to do some detective work and gather competitive intelligence. There's no doubt that any research project these days should begin with … Business Plan. Your goal is to create a richer picture of the customer’s experience with your competitor and identify the key drivers behind consumer behavior. For the keywords you want to focus on, what is the difficulty level? Below are 40 strategic questions to ask your employees or yourself from our platform that you can use that evaluate strategy comprehensively. Gaining Competitive Advantage in the Gray Zone. 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