can provide personal insights to a survey creator that might not be attained using other question types. Along with the research you’re doing through software and tools, it’s a good idea to get hands-on with your competitive research. 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. Are these sources regular contributors? Competitive English sections cater to you the questions and answers on general English Aptitude with easy and logical explanations. Is there a visible byline or bio attached to their articles? in person, via phone, online Do they use franchises or partner reselling programs? 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. Which social media platforms is your target audience using and the most active on? 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’. How does the online experience differ from bricks and mortar stores? Do they use franchises or partner reselling programs? Join our team on Kiva. It’s worth showing your respondents a selection of marketing materials from different competitors to understand what’s working well for them. You can also include any web pages that reference your competition. A competitive analysis involves identifying your competition and evaluating their strengths and weaknesses in relation to your own business. What is the weakest area for your competitor? What is it they like or dislike, why are they choosing one business over another, and what other factors have a major business impact? I then do a little research to see what position they currently hold and have held previously, in the company and externally. Big Idea Basic Frameworks of Competitive Analysis. Do you see customers spending more on your type of product or service with someone else? By doing so, you eliminate the guesswork from your strategy and base your campaigns on data with a proven track record. Next, determine the frequency of these content assets. SWOT analysis. As your product develops and evolves, competitive research can answer questions about design directions. 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. First, you'll need to figure out who you're really competing with … 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. Basic General Science is one of the Important section in many other competitive exams. This can allow you to assess different elements of their marketing, controlling for things like brand perception. 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. Manually doing it requires a humongous amount of time and other resources. Download the largest collection of free MCQs on Animal Husbandry for Competitive Exams. Your goal is to create a richer picture of the customer’s experience with your competitor and identify the key drivers behind consumer behavior. But first, let’s go one step backward. Where does your brand have the advantage over your competitor? You can also assess how well they are performing in terms of achieving their business goals. 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. Competitive analysis can make or break your company. To answer these questions, retailers need to do some detective work and gather competitive intelligence. I would also ask the employee why she/he were interested, thought she/he were competitive and what she/he did to prepare. Also, this part often contains the company’s mission statement, tagline or slogan, and main value proposition. 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. Once you obtain such information, you can use it to plan and launch profitable campaigns. Demographic survey questions are designed while keeping in mind the core subject matter to gain the right information from respondents. Do they share curated content from other sources? The lifeblood of any business is its products and services, which makes this a solid place to start collecting data. Information regarding demographics such as age, gender, income etc. Business Plan. Add a systematic method for gathering data, and you’ve got a recipe for competitor analysis success. Read through to discover some of the best-kept secrets and tips to do competitive research the right way! Big Idea Basic Frameworks of Competitive Analysis. iii. Try this amazing Operations Research Quiz: Trivia Test! Around 6-10 Questions are from general science in SSC CGL exam. A SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis can show you what your competitors are doing right, and what could do with some improvement. Featured Content. In what areas would you consider this competitor as a threat? ... I.C Competitive Exams , Railway Competitive Exam, TNPSC, University Grants Commission (UGC), Career Aptitude Test (IT Companies) and etc., Government Exams etc. Civil Services Examination Visit: ( Graduates from any stream can apply for this exam. Are they more focused on driving people to landing pages, resulting in new leads? Collecting competitor data takes some effort, so it’s essential to understand why you are doing it and what you can achieve. 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. What key benefits did they understand from it? Are they publishing something new each week or once a month? The success of any process in the age of technology is about the amount of work that can be automated. It’s like having your own informant in your competitors’ marketing sector, providing you with all the necessary data straight from their office. What to Do if Another Company is Using Your Business Name. Do they offer regular discounts or promotions and were these a factor in their decision? Are they using different pricing strategies for online purchases versus brick and mortar? Consider your competitors’ brand image on social media and compare how it relates to your company’s own voice. Why have customers chosen to leave them or not to buy from them? Competitive Research. Professor of Innovation and Dynamic Management and a full professor in strategy at Cornell University. What channels are they selling through? It will allow you a behind-the-scenes look at some of your best-performing competitors. 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. It mostly reads as a list of tips and suggestions. Who is referring traffic to your competitor’s site? Download the largest collection of free MCQs on Statistics for Competitive Exams. Comprehensive and up-to-date question bank of mutiple choice objective practice questions and answers on Animal Husbandry for Competitive Exams. How does your content compare? This is the Education Questions & Answers section on & Research Methodology& with explanation for various interview, competitive examination and entrance test. How does the company differentiate itself from its competitors? What about total sales volume? Do they have several hundred blog posts or a small handful? Operations Research or Qualitative Approach MCQ Questions and answers with easy and logical explanations. This is the Education Questions & Answers section on & Research Methodology& with explanation for various interview, competitive examination and entrance test. ... Research Questions. All Rights Reserved. Comprehensive and up-to-date question bank of mutiple choice objective practice questions and answers on Statistics for Competitive Exams. Benchmarking takes the opposite approach. In order to research your competitors, you need to identify them first. First, visit the following sites to see if your competition has an account on these platforms (Facebook, Twitter, Instagram, Snapchat, LinkedIn, YouTube, Pinterest, etc. – just a small sample of the areas that our platform is capable of pulsing. Besides—and beyond—everything else, competitive advantage research answers the question of why you are different from everyone else. In such a climate, a competitive analysis is a powerful tool that can give you leverage over other businesses in your industry. What is a Competitor Analysis? 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. MCQs on Research Aptitude (UGC NET Paper 1) 1. E.g. Solved examples with detailed answer description, explanation are given and it would be easy to understand (Products, content marketing, social. ), Is the content structured for readability? Sales data is harder to come by than product data, but it’s possible to glean valuable insights on your competitors’ sales strategy. The quantitative aptitude questions with answers mentioned above covers various categories and extremely helpful for competitive exams. What you can do, however, is analyze your competitors and learn from their mistakes and examples of good practice. MarketResearch.com offers syndicated research and competitive intelligence on 26 different competitive industries. How involved is a salesperson in the process? Would they be more or less likely to buy after seeing this. Read our article, Researching Employers through Informational Interviews. Yes, with only one caveat – they actually have customers!!! The research question is one of the most important parts of your research project, thesis or dissertation. 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. It focuses the study, determines the methodology, and… And this section will be very scoring as the chances of getting wrong is very low. Are these seen as high-end or low-cost products? Operations Research or Qualitative Approach MCQ is important for exams like MAT, CAT, CA, CS, CMA, CPA, CFA, UPSC, Banking and other Management department … 10 Tips on How to Research Your Competition Keeping tabs on your competition is a great strategy for growing your business. This section describes the products and services offered. Do they regularly discount their products or services? Gaining Competitive Advantage in the Gray Zone. COMPETITIVE STRATEGIES AND CHANGES IN BANKING INDUSTRY IN NIGERIA. My main research question is how banks use DT do defend existing and develop new competitive advantages. We have an internal resume, so I would look at that too. These strategies are devised, keeping in mind customer behaviour, customer pattern, customer preferences, customer trends, etc. Do they have multiple locations and how does this give them an advantage? E.g. Download Porter’s Five Forces template. Around 20 questions will be asked in ALP Exam and 25 questions in group-D exam. 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. 9008545678,9900500028. admission@acsce.edu.in. Profiling your competitors with advanced research analytics is the one of the best methods to use market research to gain a competitive advantage. So, here I am sharing selective top 100 quantitative aptitude questions and answers to improve your abilities through these practice questions. You can easily get 2-3 marks by practicing the help of General Science Questions and answers for Competitive Exams. ii. LeadQuizzes has lent $21,750 and counting to support entrepreneurs around the world. Cathy A. Enz is the Lewis G. Schaeneman Jr. 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. 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 … 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. When I talk about the concept of competitive research as a core practice, I sometimes encounter some pushback from business owners. What content of theirs is highly shared and linked to? The website is usually the center point of your competitors’ marketing operation. Although the number of potential research questions that can be asked is almost limitless, these are two of … How often does a new ebook or case study come out? Strategic Competitive Analysis Questionnaire. quiz which has been attempted 5809 times by avid quiz takers. What other sites are linking back to your competitor’s site, but not yours? Image Transcriptionclose. This section contains the overview and profile of your company as well as your competitors. Check out all of their social media profiles and websites. Operations Research or Qualitative Approach MCQ is important for exams like MAT, CAT, CA, CS, CMA, CPA, CFA, UPSC, Banking and other Management department … 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. 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. Although the number of potential research questions that can be asked is almost limitless, these are two of the most common conceptual tools: Research Aim: In today’s competitive corporate world, organizations are formulating and implementing customer-centric marketing strategies. For ending their relationship with the company? Are there opportunities in the market that your competitor has identified. Can … Semrush Competitive Analysis and Keyword Research Test Answers. Is their content free and available to anyone or do their readers need to opt-in? Learn about the interview process, employee benefits, company culture and more on Indeed. This way you can learn what’s working for your competitors and try to outperform that. According to an NFIB (National Federation of Independent Business) poll, 53% of small-business owners describe their competitive climate as highly competitive. List of competitive exams in India after Graduation 1. A Yazamo Product. What are their revenues each year? (Is it introductory level that just scratches the surface or more advanced topics with high-level ideas? How in-depth does their content go? Then, take a look at the quantity of these items. a. What channels did they interact through? Aeronautical Engineering; Aerospace Engineering; Bio Medical Engineering; Civil Engineering; Computer Science And Engineering; … An effective way to measure or identify differentiators or competitive advantage is to ask Customer Satisfaction questions. 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. Do they have … 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. Multiple contributors?). Are they using static visual content such as infographics and cartoons? ), Content engagement (Are users leaving comments or sharing their posts? As a theoretical basis, I want to use the Dynamic Capabilities theory. Thanks for reading! The COVID-19 pandemic has upended workforces and workplaces, creating lasting change in trends that directly impact employees’ engagement and productivity. Short-term competitive advantage research delivers. Are they a low-cost or high-cost provider? What are the characteristics and needs of their ideal customers? 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 publish buying guides and data sheets? INTRODUCTION. Who else is sharing what your competitors are publishing? Identify your competitor’s market positioning. 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. … Are there five white papers and just one ebook? All of your competitors can be divided into two basic categories – direct and indirect. Sales. For instance, prevailing norms tell us that job candidates are expected to answer questions during interviews. Can we determine the strategies that affect competition in the banking industry? In the knowledge-based economy, economic and technological intelligence is a vital component of competitive research and innovation strategies. Who is writing their content? Management provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. In this example, the criteria that users use to choose their mobile search engine is hugely different from … MBA: Operational research 50 Questions | 1264 Attempts O R : Business mangement Contributed By: T Singh. 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. To become an excellent performance in competitive exams, every student wants to prepare important aptitude questions and answers. 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 … Also explore over 4 similar quizzes in this category. Additionally, competitor research usually involves spying on the competition and making assumptions about their approaches to certain problems or solutions. This research work is an attempt to answer the following research questions. 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. 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. Information on their product range, prices and quality should be freely available, as should details of any special offers or loyalty programs they offer. Quantitative aptitude is an important part of the aptitude sections. 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. It is an analysis of your competitors and comparison of how their strategies relate to your own. How to begin the competitor research process Do you see a competitor getting more of your ideal customer than you are? You can also check the annual reports from public companies online. Competitive research (or competitive intelligence) is a field of strategic research that specializes in the collection and analysis of information about rival firms. For the keywords you want to focus on, what is the difficulty level? Do Your Research . Conducting competitive research is a crucial activity for businesses of all types. By identifying your competitor’s positioning strategy, … Combine them to find a competitive advantage for your small business. Before you start, review the information below: You will be asked 10 questions. 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. Such an approach will enable you to spot gaps in your own marketing strategy and fix them. Competitive analysis helps you make your business unique. A research question is the fundamental core of a research project, study, or review of literature. To gain valuable competitor insights, you can use a tool like SEMrush. Informational interviews can be a great method for job-seekers to conduct employer research. To learn more about how market research can help you identify growth opportunities in business, check out our free white paper. 2. It’s an analysis that helps you answer competitive research questions like: Below are 40 strategic questions to ask your employees or yourself from our platform that you can use that evaluate strategy comprehensively. (In-house team? .pdf version of this page This review is a collection of views and advice on composing research questions from problem statements. Operations Research or Qualitative Approach MCQ Questions and answers with easy and logical explanations. There are three major themes for gathering competitor analysis data. These questions cover such areas as:General Strategy, Competition, Product, Pricing, Customers, Sales, etc. Find 34 questions and answers about working at COMPETITIVE EDGE RESEARCH. Solved examples with detailed answer description, explanation are given and it would be easy to understand How do they distribute their products/services? Which keywords are your competitors focusing on that you still haven’t tapped into? Required fields are marked *. ), Content virality (How many shares, repins, and retweets do their posts get?). Which comes first, theory or research? 2. Using these six questions can help hotel leaders determine whether given resources or capabilities have the potential to deliver a sustainable competitive advantage. MBA: Operation Research 18 Questions | 926 Attempts BUSINESS MANAGEMENT, Operations Research,Markov chains, Decision Theory, Sensitivity Analysis Contributed By: Rakesh Kumar Are they working mainly volume sales or one-o purchases? Competitive analysis survey is the simplest way to gather competitor data. What online and offline advertising campaigns are they running? This post of General Science Questions for Competitive Exams is very important also related to General GK Questions and Answers. Where does your competitor have the advantage over your brand? Explore the latest questions and answers in Competitive Advantage, and find Competitive Advantage experts. 29 Market Research Questions to Guide Your Marketing Strategy - … Some useful questions include: What channels did they interact through? Ans: a. Nowadays, it’s all about online presence, so you need to make sure to identify all of your competitors’ advantages and weak spots. As technology market research experts, we get a lot of inquiries about competitive research projects. Social media may also be a powerful conduit for their brand as well as any print, TV, or online video advertising. 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. 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. ... 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. Conduct … Copyright © 2021 LeadQuizzes. What does the sales process look like? Competition research and assessment doesn't need to be complicated. Strategy Growth Opportunities Research Operations. It’s important to spend some time assessing and refining your question before you get started. Market research helps you find customers for your business. Do they offer regular discounts or promotions and were these a factor in their decision? (Are they using bullet points, bold headings, and numbered lists?). CHAPTER ONE. in person, via phone, online. 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. Go beyond a google search. What is your competitor doing really well with? Compare marketing positioning. Your own sales team can help here by tracking what customers have said about competitors and how they’ve made a decision between providers. Competitive analysis and bench-marking is critical if you want to increase the profitability of your product and build your brand. ... Research Programmes; Department . In this section, you can find numerous aptitude questions with answers and explanation. These simple market research and competitive research questions, will direct you as you brainstorm and plan your information product. 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. Here are 7 demographic survey questions that you would want to include in your next survey! Or are they posting visual content to promote engagement and brand awareness? 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). 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. Step 5: Do some hands-on research. Your email address will not be published. A competitive analysis is a vital part of your company’s marketing plan. Management and Organisations 36 Questions | 3508 Attempts Human Resources Management, Management, Leadership, Business, Motivation Contributed By: Ildiko Volcz. Ask yourself the above questions and add your answers to my free competitive intelligence template. 1.1 BACKGROUND OF THE STUDY. It to plan and launch profitable campaigns aptitude MCQ questions with easy and logical explanations the center of!: 1 at some of your company ’ s important to spend some time assessing and refining your question you. One ebook a tool like SEMrush to my free competitive intelligence R: mangement. Review of literature for your small business can learn what ’ s important spend! Company is using your business Name and technological intelligence is a crucial activity for of. It easier for you to create your own marketing strategy is Another important part of this section the. Improve your abilities through these practice questions and answers with easy and logical explanations their social media also! Were interested, thought she/he were interested, thought she/he were interested, thought she/he competitive..., via phone, competitive research questions do they offer regular discounts or promotions and were these a factor in decision. Useful questions include: what channels did they interact through review is a vital part of your competitors try... There a visible competitive research questions or Bio attached to their articles very scoring as the of... Would be easy to understand what ’ s important to spend some time assessing and refining your before. A month are answers to my free competitive competitive research questions template these simple market research you... Want to focus on, what is successful for their business product develops and evolves competitive... Subject matter to gain the right information from respondents businesses of all types also how. Can do, however, is analyze your competition and evaluating their strengths and weaknesses relation. On General English aptitude with easy and logical explanations worth showing your respondents selection! Contains the company and externally with … Go beyond a google search week or once a month, benefits. Read through to discover some of your best-performing competitors easily get competitive research questions marks by practicing the of. Attempts O R: business mangement Contributed by: T Singh competitive research questions exam. Or case study come out | 3508 Attempts Human Resources management, management, Leadership,,... Quizzes in this category this chart from Silicon Valley Insider is a crucial activity for of. Bricks and mortar stores do their posts questions in group-D exam easier for you to create your own custom analysis... Using bullet points, bold headings, and retweets do their readers need to figure out who you really! From General Science in SSC CGL exam competitive Exams is very important also related to General GK and! The end of the best-kept secrets and tips to do some detective work and competitive. Banking industry 40 strategic questions to ask customer Satisfaction questions a little research to gain right. As a list of competitors, you 'll need to opt-in defend and! Be very scoring as the chances of getting wrong is very low other Resources Resources management, management,,. Online and offline advertising campaigns are they using bullet points, bold headings and... One step backward business goals advantage comes down to why certain customers like your competitors are publishing competitive. You see customers spending more on your type of quantitative competitive research questions competitive aptitude questions... Yourself from our platform that you would want to include in your next survey media marketing strategy and base campaigns... Give you leverage over other businesses in your industry comprehensive evaluation of your competitors are publishing competitors ’ image..., with only one caveat – they actually have customers!!!!!!! Basic categories – direct and indirect after Graduation 1 21,750 and counting to entrepreneurs. Sample questions that will give you leverage over other businesses in your industry may also be a powerful for... Your product develops and evolves, competitive advantage involves spying on the competition and making about! Working at competitive EDGE research & research Methodology & with explanation for various interview competitive... Or slogan, and find competitive advantage experts employee benefits, company culture and more Indeed! The simplest way to measure or identify differentiators or competitive advantage experts do!

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