Question 1

More recently, Apple has leveraged its _____ platform as a distribution channel to launch a new subscription service. Just nine months after launching the Apple Music, the firm had attracted over 13 million paying subscribers to its streaming service..

Accepted Answer

The answer of More recently, Apple has leveraged its _____...

Question 2

Which of the following is a source of bargaining power of buyers?

Accepted Answer

A)   Greater choice of products
B)   High switching costs
C)   Loyalty programs
D)   Network effects
E)   Unique and highly differentiated productsF) B) and C)
G) B) and D)

Question 3

A firm can benefit from high switching costs, even when rivals offer free products.

Accepted Answer

A) True 
 B)False

Question 4

Cisco's acquisition of Pur Digital, makers of the Flip video camera line, was largely considered a flop because comparable technology soon became a feature in other popular consumer electronics products.

Accepted Answer

A) True 
 B)False

Question 5

_____ Law is said to be at play when the value of a product or service increases as its number of users expands.

Accepted Answer

A)   Amdahl's
B)   Turing's
C)   Zuckerberg's
D)   Metcalfe's
E)   Moore'sF) A) and E)
G) B) and E)

Question 6

A(n)  _____ is the symbolic embodiment of all the information connected with a product or service.

Accepted Answer

A)   trademark
B)   copyright
C)   patent
D)   brand
E)   advertisementF) None of the above
G) A) and E)

Question 7

Which of the following is one of Porter's five forces?

Accepted Answer

A)   Availability of coopetitors in the market
B)   Total cost of ownership
C)   Purchasing power parity of consumers
D)   Threat of new entrants
E)   Strength of intellectual property lawsF) C) and E)
G) A) and D)

Question 8

A trademark is the symbolic embodiment of all the information connected with a product or service of a firm.

Accepted Answer

A) True 
 B)False

Question 9

The degree to which complete information is available is known as _____.

Accepted Answer

A)   information assurance
B)   data proximity
C)   operational alertness
D)   price transparency
E)   data consolidationF) B) and D)
G) A) and B)

Question 10

Consumers buying commodities are highly _____ since they have so many similar choices.

Accepted Answer

A)   quality-conscious
B)   price-focused
C)   brand-driven
D)   technologically discriminating
E)   loyalF) None of the above
G) C) and D)

Question 11

Time and technology can be enablers for competitive advantage. Explain this statement.

Accepted Answer

Even though barriers to entry for tech-c...

Question 12

A salesperson's ability to effectively bargain with his/her consumers is called viral marketing.

Accepted Answer

A) True 
 B)False

Question 13

Uber is an example of a business model that has strengthened the bargaining power of suppliers (cab drivers) with respect to middlemen who took a cut of their services (e.g. cab companies).

Accepted Answer

A) True 
 B)False

Question 14

_____, also known as the Industry and Competitive Analysis, is a popular framework for examining a firm's competitive environment.

Accepted Answer

Porter's f...

Question 15

Leveraging consumers to promote a product or service is known as _____.

Accepted Answer

A)   straddling
B)   affiliating
C)   long tailing
D)   crowdsourcing
E)   viral marketingF) C) and E)
G) C) and D)

Question 16

_____ are products or services that are nearly identically offered from multiple vendors.

Accepted Answer

The answer of _____ are products or services that are...

Question 17

According to Porter, strategy is fundamentally about being _____.

Accepted Answer

A)   different
B)   efficient
C)   superior
D)   scalable
E)   profitableF) B) and E)
G) A) and C)

Question 18

How does FreshDirect leverage an imitation-resistant value chain to repel rivals?

Accepted Answer

When we compare FreshDirect's value chai...

Question 19

Which of the following represents one of the primary components of the value chain?

Accepted Answer

A)   Outbound logistics
B)   Firm infrastructure
C)   Human resource management
D)   Research and development
E)   ProcurementF) B) and E)
G) A) and D)

Question 20

List the various components of a value chain and give a brief description of each of them.

Accepted Answer

The value chain is the "set of activitie...

Exam 2: Strategy and Technology: Concepts and Frameworks for Understanding What Separates Winners From Losers

A(n) _____ is the symbolic embodiment of all the information connected with a product or service.

Correct AnswerverifiedShow Answer

Consumers buying commodities are highly _____ since they have so many similar choices.

Correct AnswerverifiedShow Answer

Time and technology can be enablers for competitive advantage. Explain this statement.

Correct AnswerverifiedEven though barriers to entry for tech-c...View AnswerShow Answer

The degree to which complete information is available is known as _____.

Correct AnswerverifiedShow Answer

How does FreshDirect leverage an imitation-resistant value chain to repel rivals?

Correct AnswerverifiedWhen we compare FreshDirect's value chai...View AnswerShow Answer

Cisco's acquisition of Pur Digital, makers of the Flip video camera line, was largely considered a flop because comparable technology soon became a feature in other popular consumer electronics products.

Correct AnswerverifiedShow Answer

Which of the following is a source of bargaining power of buyers?

Correct AnswerverifiedShow Answer

_____, also known as the Industry and Competitive Analysis, is a popular framework for examining a firm's competitive environment.

Correct AnswerverifiedPorter's f...View AnswerShow Answer

List the various components of a value chain and give a brief description of each of them.

Correct AnswerverifiedThe value chain is the "set of activitie...View AnswerShow Answer

Uber is an example of a business model that has strengthened the bargaining power of suppliers (cab drivers) with respect to middlemen who took a cut of their services (e.g. cab companies).

Correct AnswerverifiedShow Answer

_____ Law is said to be at play when the value of a product or service increases as its number of users expands.

Correct AnswerverifiedShow Answer

Which of the following represents one of the primary components of the value chain?

Correct AnswerverifiedShow Answer

Which of the following is one of Porter's five forces?

Correct AnswerverifiedShow Answer

According to Porter, strategy is fundamentally about being _____.

Correct AnswerverifiedShow Answer

A salesperson's ability to effectively bargain with his/her consumers is called viral marketing.

Correct AnswerverifiedShow Answer

A firm can benefit from high switching costs, even when rivals offer free products.

Correct AnswerverifiedShow Answer

More recently, Apple has leveraged its _____ platform as a distribution channel to launch a new subscription service. Just nine months after launching the Apple Music, the firm had attracted over 13 million paying subscribers to its streaming service..

Correct AnswerverifiedShow Answer

Leveraging consumers to promote a product or service is known as _____.

Correct AnswerverifiedShow Answer

A trademark is the symbolic embodiment of all the information connected with a product or service of a firm.

Correct AnswerverifiedShow Answer

_____ are products or services that are nearly identically offered from multiple vendors.

Correct AnswerverifiedShow Answer

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Even though barriers to entry for tech-c...
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When we compare FreshDirect's value chai...
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Porter's f...
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The value chain is the "set of activitie...
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