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

Firms that build an imitation-resistant value chain develop a way of doing business that others struggle to replicate.

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

Commodities are products or services that vary across multiple vendors.

If a new entrant hopes to attract customers from an established incumbent, the new entrant must ensure that the value they offer exceeds the incumbents' value in addition to any perceived _____.

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

Businesses benefit from economies of scale when the cost of an investment can be used in serving a niche customer base.

Timing and technology alone will not yield sustainable competitive advantage.

Market entry is the same as building a sustainable business.

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

The set of activities through which a product or service is created and delivered to customers is known as a(n) _____.

According to Porter, strategy is fundamentally about being _____.

The scale of technology investment required to run a business can act as a barrier to entry by discouraging new, smaller competitors.