Question 1

In high-technology industries,the underlying scientific knowledge companies use is

Accepted Answer

A) increasing slowly. 
B) advancing rapidly. 
C) steadily decreasing. 
D) tripling every quarter. 
E) becoming stagnant. 
A) increasing slowly. 
B) advancing rapidly. 
C) steadily decreasing. 
D) tripling every quarter. 
E) becoming stagnant.

Question 2

What are technical standards,why are they important,and how are they established?

Accepted Answer

Technical standards refer to a set of te

Question 3

Recently,the U.S.Food and Drug Administration began to require more descriptive labeling of food products.This is an example of standards that developed

Accepted Answer

A) in the public domain. 
B) with a dominant design. 
C) through industry cooperation. 
D) by government mandate. 
E) through market demand. 
A) in the public domain. 
B) with a dominant design. 
C) through industry cooperation. 
D) by government mandate. 
E) through market demand.

Question 4

Technical standards create benefits primarily for those firms that do not adhere to them.

Accepted Answer

A) True 
 B)False

Question 5

An example of an important complementary asset is a state-of-the-art manufacturing facility.

Accepted Answer

A) True 
 B)False

Question 6

Cellular phone service providers often sell the phone itself at very low prices and then charge a relatively high fee for usage.This illustrates

Accepted Answer

A) first-mover strategy. 
B) competitive cooperation. 
C) the razor-and-blade strategy. 
D) competitive positioning. 
E) format licensing. 
A) first-mover strategy. 
B) competitive cooperation. 
C) the razor-and-blade strategy. 
D) competitive positioning. 
E) format licensing.

Question 7

When it comes to developing a business model and strategies that will lead to competitive advantage and superior profitability,high-technology companies

Accepted Answer

A) often face similar situations. 
B) often face different situations. 
C) are extremely unique in the situations they face. 
D) cannot be compared in terms of the situations they face. 
E) commonly face overwhelming situations. 
A) often face similar situations. 
B) often face different situations. 
C) are extremely unique in the situations they face. 
D) cannot be compared in terms of the situations they face. 
E) commonly face overwhelming situations.

Question 8

Cell phone technology is replacing traditional wired phone technology.This is an example of a(n)

Accepted Answer

A) first-mover advantage. 
B) technological paradigm shift. 
C) format war. 
D) complementary product. 
E) embryonic industry. 
A) first-mover advantage. 
B) technological paradigm shift. 
C) format war. 
D) complementary product. 
E) embryonic industry.

Question 9

Technical standards in high-technology industries are

Accepted Answer

A) specifications developed by each producing company for its own products. 
B) specifications that all producers adhere to when making a product or product component. 
C) product specifications imposed by the federal government. 
D) expressions of product features desired by consumers. 
E) general guidelines proposed by industry leaders. 
A) specifications developed by each producing company for its own products. 
B) specifications that all producers adhere to when making a product or product component. 
C) product specifications imposed by the federal government. 
D) expressions of product features desired by consumers. 
E) general guidelines proposed by industry leaders.

Question 10

Which of the following is not intellectual property?

Accepted Answer

A) A song written down as sheet music 
B) A Tom Clancy novel 
C) A computer software package 
D) A patented invention 
E) A new organizational structure 
A) A song written down as sheet music 
B) A Tom Clancy novel 
C) A computer software package 
D) A patented invention 
E) A new organizational structure

Question 11

Which of the following actions will not help protect intellectual property rights?

Accepted Answer

A) Suing copyright violators in court 
B) Threatening to sue potential violators 
C) Digitalizing creative output 
D) Encrypting creative output 
E) Enforcing patent and copyright laws 
A) Suing copyright violators in court 
B) Threatening to sue potential violators 
C) Digitalizing creative output 
D) Encrypting creative output 
E) Enforcing patent and copyright laws

Question 12

Digitalization has made it more difficult to protect some intellectual property rights.

Accepted Answer

A) True 
 B)False

Question 13

The layout of the keys on a computer keyboard is an example of a technical standard.

Accepted Answer

A) True 
 B)False

Question 14

If a first mover does not have complementary assets,barriers to imitation are high,and there are several capable competitors,the first mover should

Accepted Answer

A) license the innovation to others. 
B) enter into a joint venture to protect the product. 
C) produce the product itself. 
D) sell the technology outright to another firm. 
E) wait until competitors develop an alternative product. 
A) license the innovation to others. 
B) enter into a joint venture to protect the product. 
C) produce the product itself. 
D) sell the technology outright to another firm. 
E) wait until competitors develop an alternative product.

Question 15

Write as if you were an outside management consultant and advise a firm attempting to win a format war with a powerful and capable competitor.Give several options.

Accepted Answer

One important consideration in winning a

Question 16

In the 1870s,Christopher Sholes invented the layout of keys on a typewriter keyboard,sometimes called the QWERTY layout.This invention is a(n)

Accepted Answer

A) technical standard. 
B) first-mover advantage. 
C) complementary product. 
D) outmoded technology. 
E) high-tech industry. 
A) technical standard. 
B) first-mover advantage. 
C) complementary product. 
D) outmoded technology. 
E) high-tech industry.

Question 17

High-technology industries are those in which the underlying scientific knowledge that companies in the industry use is advancing rapidly.

Accepted Answer

A) True 
 B)False

Question 18

An adequate supply of complements to a product helps ensure that consumers

Accepted Answer

A) will buy the company's product. 
B) will experiment with the products of other companies. 
C) will buy the complements to use with the products of other companies. 
D) all of these choices. 
E) none of these choices. 
A) will buy the company's product. 
B) will experiment with the products of other companies. 
C) will buy the complements to use with the products of other companies. 
D) all of these choices. 
E) none of these choices.

Question 19

Consumers chose Microsoft Windows operating system as the technical standard through their many purchases of that software.

Accepted Answer

A) True 
 B)False

Question 20

Battles to set and control technical standards in a market are referred to as product positioning.

Accepted Answer

A) True 
 B)False

In high-technology industries,the underlying scientific knowledge companies use is

What are technical standards,why are they important,and how are they established?

Recently,the U.S.Food and Drug Administration began to require more descriptive labeling of food products.This is an example of standards that developed

Technical standards create benefits primarily for those firms that do not adhere to them.

An example of an important complementary asset is a state-of-the-art manufacturing facility.

Cellular phone service providers often sell the phone itself at very low prices and then charge a relatively high fee for usage.This illustrates

When it comes to developing a business model and strategies that will lead to competitive advantage and superior profitability,high-technology companies

Cell phone technology is replacing traditional wired phone technology.This is an example of a(n)

Technical standards in high-technology industries are

Which of the following is not intellectual property?

Which of the following actions will not help protect intellectual property rights?

Digitalization has made it more difficult to protect some intellectual property rights.

The layout of the keys on a computer keyboard is an example of a technical standard.

If a first mover does not have complementary assets,barriers to imitation are high,and there are several capable competitors,the first mover should

Write as if you were an outside management consultant and advise a firm attempting to win a format war with a powerful and capable competitor.Give several options.

In the 1870s,Christopher Sholes invented the layout of keys on a typewriter keyboard,sometimes called the QWERTY layout.This invention is a(n)

High-technology industries are those in which the underlying scientific knowledge that companies in the industry use is advancing rapidly.

An adequate supply of complements to a product helps ensure that consumers

Consumers chose Microsoft Windows operating system as the technical standard through their many purchases of that software.

Battles to set and control technical standards in a market are referred to as product positioning.

Strategic Leadership: Managing the Strategy-Making Process for Competitive Advantage

External Analysis: The Identification of Opportunities and Threats

Internal Analysis: Distinctive Competencies, Competitive Advantage, and Profitability

Building Competitive Advantage Through Functional-Level Strategy

Building Competitive Advantage Through Business-Level Strategy

Business-Level Strategy and the Industry Environment

Strategy in the Global Environment

Corporate-Level Strategy: Horizontal Integration, Vertical Integration, and Strategic Outsourcing

Corporate-Level Strategy: Related and Unrelated Diversification

Corporate Performance, Governance, and Business Ethics

Implementing Strategy in Companies That Compete in a Single Industry

Implementing Strategy in Companies That Compete Across Industries and Countries

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Exam 7: Strategy and Technology

In high-technology industries,the underlying scientific knowledge companies use is

What are technical standards,why are they important,and how are they established?

Recently,the U.S.Food and Drug Administration began to require more descriptive labeling of food products.This is an example of standards that developed

Technical standards create benefits primarily for those firms that do not adhere to them.

An example of an important complementary asset is a state-of-the-art manufacturing facility.

Cellular phone service providers often sell the phone itself at very low prices and then charge a relatively high fee for usage.This illustrates

When it comes to developing a business model and strategies that will lead to competitive advantage and superior profitability,high-technology companies

Cell phone technology is replacing traditional wired phone technology.This is an example of a(n)

Technical standards in high-technology industries are

Which of the following is not intellectual property?

Which of the following actions will not help protect intellectual property rights?

Digitalization has made it more difficult to protect some intellectual property rights.

The layout of the keys on a computer keyboard is an example of a technical standard.

If a first mover does not have complementary assets,barriers to imitation are high,and there are several capable competitors,the first mover should

Write as if you were an outside management consultant and advise a firm attempting to win a format war with a powerful and capable competitor.Give several options.

In the 1870s,Christopher Sholes invented the layout of keys on a typewriter keyboard,sometimes called the QWERTY layout.This invention is a(n)

High-technology industries are those in which the underlying scientific knowledge that companies in the industry use is advancing rapidly.

An adequate supply of complements to a product helps ensure that consumers

Consumers chose Microsoft Windows operating system as the technical standard through their many purchases of that software.

Battles to set and control technical standards in a market are referred to as product positioning.

Strategic Leadership: Managing the Strategy-Making Process for Competitive Advantage

External Analysis: The Identification of Opportunities and Threats

Internal Analysis: Distinctive Competencies, Competitive Advantage, and Profitability

Building Competitive Advantage Through Functional-Level Strategy

Building Competitive Advantage Through Business-Level Strategy

Business-Level Strategy and the Industry Environment

Strategy in the Global Environment

Corporate-Level Strategy: Horizontal Integration, Vertical Integration, and Strategic Outsourcing

Corporate-Level Strategy: Related and Unrelated Diversification

Corporate Performance, Governance, and Business Ethics

Implementing Strategy in Companies That Compete in a Single Industry

Implementing Strategy in Companies That Compete Across Industries and Countries

Filters