Question 1

As profit increases, more players tend to be attracted to the market.

Accepted Answer

A) True 
 B)False  True

Question 2

As a strategist, it is important to pay attention to your organization's value chain and how it interacts with the value chains of other firms.

Accepted Answer

A) True 
 B)False  True

Question 3

Which of the following is not true about stage four of the industry life cycle?

Accepted Answer

A)  Only large firms compete. 
B)  A service and experience orientation dominates. 
C)  Highly profitable niches are available in otherwise competitive markets. 
D)  Knowledgeable users are very demanding about their requirements. 
A)  Only large firms compete. 
B)  A service and experience orientation dominates. 
C)  Highly profitable niches are available in otherwise competitive markets. 
D)  Knowledgeable users are very demanding about their requirements. A

Question 4

Name and describe two common business models. Provide one example of each.

Accepted Answer

Possible answers include subscription, r

Question 5

Increases in market share will always ensure profitability.

Accepted Answer

A) True 
 B)False

Question 6

Business models summarize how strategic decisions are expected to make a profit.

Accepted Answer

A) True 
 B)False

Question 7

Microsoft typically chooses to be a second mover in new industries.

Accepted Answer

A) True 
 B)False

Question 8

What are some of the advantages of the subscription model?

Accepted Answer

Some advantages include that s

Question 9

How can value chain analysis contribute to business model improvement?

Accepted Answer

One possible answer is that va

Question 10

Open innovation is the process of centralizing innovation in one unit of the organization, often the R&D department.

Accepted Answer

A) True 
 B)False

Question 11

Sony, Nintendo and Microsoft pursue different strategies in the gaming market.

Accepted Answer

A) True 
 B)False

Question 12

In stage two of the industry life cycle, small, entrepreneurial firms dominate.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is true about franchising?

Accepted Answer

A)  In the US, approximately 1 in every 2 retail businesses is a franchise. 
B)  Franchising is on the decline in the US, Europe and South America. 
C)  Franchising is moving into services such as residential cleaning and wholesale distribution. 
D)  There are 1,000 franchising companies around the world. 
A)  In the US, approximately 1 in every 2 retail businesses is a franchise. 
B)  Franchising is on the decline in the US, Europe and South America. 
C)  Franchising is moving into services such as residential cleaning and wholesale distribution. 
D)  There are 1,000 franchising companies around the world.

Question 14

Which of the following is not an example of a modified razor and blades model?

Accepted Answer

A)  Consoles and games 
B)  Cell phone and airtime contract 
C)  TV dish and contract 
D)  Ebay 
A)  Consoles and games 
B)  Cell phone and airtime contract 
C)  TV dish and contract 
D)  Ebay

Question 15

Which of the following is not true about Canon?

Accepted Answer

A)  Developed an extensive repair network 
B)  Second mover in the office copier market 
C)  Offered customers the possibility to diagnose and replace defective modules themselves 
D)  Gradual focus on more sophisticated products 
A)  Developed an extensive repair network 
B)  Second mover in the office copier market 
C)  Offered customers the possibility to diagnose and replace defective modules themselves 
D)  Gradual focus on more sophisticated products

Question 16

What are the four stages of the life cycle model? Choose one stage and describe how that stage of the life cycle be used as a source of business model ideas.

Accepted Answer

The four stages are introduction, growth

Question 17

A business plan is a formal document that overviews company activities and often includes detailed financial analysis.

Accepted Answer

A) True 
 B)False

Question 18

Economies of scale are cost savings enjoyed through more efficient production of larger volumes of a product or service.

Accepted Answer

A) True 
 B)False

Question 19

What are the four supporting activities in the value chain? Provide an example of each.

Accepted Answer

The four supporting activities are: firm

Question 20

Which of the following is true about stage one of an industry life cycle?

Accepted Answer

A)  Sales figures are high. 
B)  Potential users are sophisticated. 
C)  New entrants may be numerous 
D)  Large firms dominate. 
A)  Sales figures are high. 
B)  Potential users are sophisticated. 
C)  New entrants may be numerous 
D)  Large firms dominate.

As profit increases, more players tend to be attracted to the market.

As a strategist, it is important to pay attention to your organization's value chain and how it interacts with the value chains of other firms.

Which of the following is not true about stage four of the industry life cycle?

Name and describe two common business models. Provide one example of each.

Increases in market share will always ensure profitability.

Business models summarize how strategic decisions are expected to make a profit.

Microsoft typically chooses to be a second mover in new industries.

What are some of the advantages of the subscription model?

How can value chain analysis contribute to business model improvement?

Open innovation is the process of centralizing innovation in one unit of the organization, often the R&D department.

Sony, Nintendo and Microsoft pursue different strategies in the gaming market.

In stage two of the industry life cycle, small, entrepreneurial firms dominate.

Which of the following is true about franchising?

Which of the following is not an example of a modified razor and blades model?

Which of the following is not true about Canon?

What are the four stages of the life cycle model? Choose one stage and describe how that stage of the life cycle be used as a source of business model ideas.

A business plan is a formal document that overviews company activities and often includes detailed financial analysis.

Economies of scale are cost savings enjoyed through more efficient production of larger volumes of a product or service.

What are the four supporting activities in the value chain? Provide an example of each.

Which of the following is true about stage one of an industry life cycle?

Defining Strategy

Developing Resources

Serving Customers

Seeking Opportunity

Competing With Rivals

Considering Corporate Strategy

Thinking Globally

Acting Responsibly

Ensuring Execution

Managing Knowledge

Providing Leadership

Filters

Exam 6: Specifying a Business Model

As profit increases, more players tend to be attracted to the market.

As a strategist, it is important to pay attention to your organization's value chain and how it interacts with the value chains of other firms.

Which of the following is not true about stage four of the industry life cycle?

Name and describe two common business models. Provide one example of each.

Increases in market share will always ensure profitability.

Business models summarize how strategic decisions are expected to make a profit.

Microsoft typically chooses to be a second mover in new industries.

What are some of the advantages of the subscription model?

How can value chain analysis contribute to business model improvement?

Open innovation is the process of centralizing innovation in one unit of the organization, often the R&D department.

Sony, Nintendo and Microsoft pursue different strategies in the gaming market.

In stage two of the industry life cycle, small, entrepreneurial firms dominate.

Which of the following is true about franchising?

Which of the following is not an example of a modified razor and blades model?

Which of the following is not true about Canon?

What are the four stages of the life cycle model? Choose one stage and describe how that stage of the life cycle be used as a source of business model ideas.

A business plan is a formal document that overviews company activities and often includes detailed financial analysis.

Economies of scale are cost savings enjoyed through more efficient production of larger volumes of a product or service.

What are the four supporting activities in the value chain? Provide an example of each.

Which of the following is true about stage one of an industry life cycle?

Defining Strategy

Developing Resources

Serving Customers

Seeking Opportunity

Competing With Rivals

Considering Corporate Strategy

Thinking Globally

Acting Responsibly

Ensuring Execution

Managing Knowledge

Providing Leadership

Filters