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

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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.

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

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Which of the following statements about technology is true?

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How did Apple trump Google to become the dominant mapping platform on iOS?

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The acronym NPE stands for:

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

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

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How does the Internet typically impact price transparency and information asymmetry?

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

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

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

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

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

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_____ exist when consumers incur an expense to move from one product or service to another.

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Market entry is the same as building a sustainable business.

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A firm is said to be _____ when it attempts to match the benefits of a successful position while maintaining its existing position.

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The acronym API stands for:

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According to Porter, strategy is fundamentally about being _____.

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Startup firms can struggle to gain lower prices from rivals, but FreshDirect seems to have found several ways to gain lower supplier prices. FreshDirect buys direct from suppliers, eliminating any markup from a middleman. What else did FreshDirect offer suppliers in exchange for better pricing terms?

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Diagram and label the value chain, listing all primary and secondary components.

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