For pitches in front of investors, or application to incubators, or pitch competitions, what questions should you expect to be asked about your competitors?
What will be an ideal response?
Competition Questions:
• What competitor do you fear the most?
• Are the barriers to entry high or low? In other words, is it easy for competitors to enter the same market?
• How much money have your competitors made?
• Why do you think you are unique among your competitors?
• Can the competition do what you are doing if they want to?
• Why hasn’t this already been done?
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a. Kaizen b. Kanban c. Muda d. Poka-yoke
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Answer the following statement true (T) or false (F)