Competition Analysis Template for Venture Group
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Questions and Answers

What is the purpose of the 'COMPETITION ANALYSIS TEMPLATE'?

  • To identify venture group members and course details
  • To list out the products or services offered by a venture
  • To create a template for a business plan
  • To analyze potential competitors in a market (correct)

    • What information is likely to be included in the 'Group NO' field?

  • The number of members in the group
  • The course section number
  • A unique identifier for the group or team (correct)
  • The year the group was formed

    • What is the purpose of the 'Year, Course and Section' field?

  • To list the years of experience of the group members
  • To indicate the target market for the venture
  • To specify the location and time of the competition
  • To provide details about the academic program and class (correct)

    • Which of the following is NOT a typical component of a competition analysis template?

    <p>Determining the pricing strategy for the venture</p> Signup and view all the answers

    Based on the information provided, what can be inferred about the purpose of this template?

    <p>It is a template for a competitive analysis</p> Signup and view all the answers

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