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

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

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.

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..

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

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

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

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

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

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

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

According to Porter, strategy is fundamentally about being _____.

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

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

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

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

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

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).

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

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

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