Exam 7: Business Strategy: Innovation and Entrepreneurship

Dollar Shave Club is an ecommerce start-up that delivers razors by mail.By doing this,Dollar Shave Club is using a(n)_____ to disrupt an existing market.

The increasing availability of external options to commercialize ideas that were previously shelved is one of the factors that led to the shift from the

A _____ is best described as a form of intellectual property that gives the inventor exclusive rights to benefit from commercializing a technology for a specified time period in exchange for public disclosure of the underlying idea.

While the industry for 3-D televisions is in the introduction stage of the industry life cycle,the CRT (cathode ray tube)television industry is in its decline stage.Which of the following statements will be true in this scenario?

Intel's Celeron chip and Atom chip are initiatives to

On which of the following tenets is the crossing-the-chasm framework,suggested by Geoffrey Moore,based?

In the context of industrial growth,which of the following statements is true of standards?

While the industry for e-book readers is in its growth stage,the industry for landline telephones is in the decline stage of the industry life cycle.Which of the following can be inferred from this?

In the United States,the time period for the right to exclude others from the use of a patented technology is _____ from the filing date of a patent application.

EasyOpen Inc.has entered a stage in which the demand for their innovative electric can openers has declined.Now most customers are buying replacement parts or buying their second can opener from the firm.What stage in the industry life cycle does this scenario describe?

In the decline stage,which of the following strategies involves a reduction of investments in product support?

Which of the following would be the result of product innovation?

As a start-up company,Virtue Mobiles Inc.entered the low end of the highly competitive cell phone industry with its low-cost smartphones.Initially,the company was able to sell its inferior technology due to its low prices.Over the years,however,its rate of technology improvements increased above the industry standards.This helped the company to create a strong strategic position for its smartphones in the high-end segment and claim a premium price.Which of the following types of innovation does this scenario best illustrate?

In which of the following stages of the industry life cycle is a standard first established?

Which of the following is an accurate definition of the customer segment "laggards"?

Which of the following statements is not true about innovation?

A few efficient and strong firms in the laptop industry have remained and emerged successful from the shakeout stage.Which of the following stages of the industry life cycle will they move to next?

Which of the following is a feature of the shakeout phase of the industry life cycle?

The crossing-the-chasm framework states that _____ need to be adjusted for each customer segment.

_____ is best described as the commercialization of any new product,process,or the modification and recombination of existing ones.