3. Topic 3(COLON) Market Research, Customers and Problem Validation
Lesson 3.5: Analysing The Market And Competition — Quiz
Test your understanding of lesson 3.5: analysing the market and competition with 5 practice questions.
Practice Questions
Question 1
What is the first step in conducting market research for a new venture?
Question 2
What is the primary purpose of conducting competitor analysis in market research?
Question 3
Which of the following best describes a 'substitute competitor'?
Question 4
In the PESTLE analysis, which factor pertains to regulatory changes affecting businesses?
Question 5
What does a SWOT analysis primarily aim to achieve?