Exam 8: Understanding Network Effects: Strategies for Competing in a Platform-Centric, Winner-Take-All World

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A firm is said to have suffered from the _____ when it preannounces a forthcoming product or service, and experiences a sharp and detrimental drop in sales of current offerings as users wait for the new item.

(Short Answer)

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Question 41

In the context of network effects, the term "network" refers to either wired or wireless systems that connect computing components.

(True/False)

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Question 42

What are "network effects"? Define the term and briefly explain the relevance they hold in an economic context.

(Essay)

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Question 43

Startup firms that find new markets attractive but do not yet have products ready for delivery preannounce efforts causing potential adaptors to delay a purchasing decision until the new effort rolls out.

(True/False)

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Question 44

eBay dominated worldwide markets for auctions. Yahoo entered the Japanese online auction market just five months before eBay, yet eBay never matched Yahoo's lead and it eventually pulled out of the Japanese market, ceding a multi-billion dollar market to its rival. Why didn't the network effects-derived value from eBay's other markets help it in Japan?

(Essay)

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Question 45

Which of the following terms is used as an alternative to switching costs?

(Multiple Choice)

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Question 46

Which of the following products or services is not subject to network effects?

(Multiple Choice)

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Question 47

Firms need a _________for users to download apps and setup payments.

(Short Answer)

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Question 48

_____ occur(s) when increasing number of users lower the value of a product or service.

(Multiple Choice)

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Question 49

Network effects are also known as _ Law or Network ________.

(Essay)

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Question 50

Customers who owned Nintendo's 8-bit video game console were unable to play the same games on the firm's new 16-bit Super Nintendo system. There was little incentive for existing Nintendo fans to stick with the firm. In this case, Nintendo's new offering suffered from a lack of:

(Multiple Choice)

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Question 51

Regional anti-trust authorities may consider product bundling by dominant firms to be anticompetitive.

(True/False)

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Question 52

_____ are products or services that add additional value to the primary product or service that makes up a network.

(Multiple Choice)

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Question 53

If a firm's claim in the blue ocean is based on easily _____ resources (like technology features), then holding off rivals will be tougher.

(Short Answer)

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Question 54

Nokia is a cell phone brand that offers digital cameras as part of its cell phone products. It is now in direct competition with camera brands such as Canon and Sony, and has become the world's largest seller of cameras. This is an example of:

(Multiple Choice)

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Question 55

Two distinctly separate markets are said to undergo convergence when they:

(Multiple Choice)

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Question 56

An instant-messaging standard is an example of a one-sided market.

(True/False)

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Question 57

Staying power refers to the:

(Multiple Choice)

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Question 58

Staying power is important for consumers of technology products because investment over time usually greatly exceeds the initial price paid for a product or service

(True/False)

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Question 59

The natural state of a market where network effects are present is for there to be intense competition between several rivals that come to an equalibrium where their respective market shares are roughly identical.

(True/False)

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Question 60

Showing 41 - 60 of 76

A firm is said to have suffered from the _____ when it preannounces a forthcoming product or service, and experiences a sharp and detrimental drop in sales of current offerings as users wait for the new item.

In the context of network effects, the term "network" refers to either wired or wireless systems that connect computing components.

What are "network effects"? Define the term and briefly explain the relevance they hold in an economic context.

Startup firms that find new markets attractive but do not yet have products ready for delivery preannounce efforts causing potential adaptors to delay a purchasing decision until the new effort rolls out.

Which of the following terms is used as an alternative to switching costs?

Which of the following products or services is not subject to network effects?

Firms need a _________for users to download apps and setup payments.

_____ occur(s) when increasing number of users lower the value of a product or service.

Network effects are also known as _ Law or Network ________.

Customers who owned Nintendo's 8-bit video game console were unable to play the same games on the firm's new 16-bit Super Nintendo system. There was little incentive for existing Nintendo fans to stick with the firm. In this case, Nintendo's new offering suffered from a lack of:

Regional anti-trust authorities may consider product bundling by dominant firms to be anticompetitive.

_____ are products or services that add additional value to the primary product or service that makes up a network.

If a firm's claim in the blue ocean is based on easily _____ resources (like technology features), then holding off rivals will be tougher.

Nokia is a cell phone brand that offers digital cameras as part of its cell phone products. It is now in direct competition with camera brands such as Canon and Sony, and has become the world's largest seller of cameras. This is an example of:

Two distinctly separate markets are said to undergo convergence when they:

An instant-messaging standard is an example of a one-sided market.

Staying power refers to the:

Staying power is important for consumers of technology products because investment over time usually greatly exceeds the initial price paid for a product or service

The natural state of a market where network effects are present is for there to be intense competition between several rivals that come to an equalibrium where their respective market shares are roughly identical.

Setting the Stage: Technology and the Modern Enterprise

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Moores Law and More: Fast, Cheap Computing and What This Means for the Manager

Disruptive Technologies: Understanding the Giant Killers and Considerations for Avoiding Extinction

Amazoncom: an Empire Stretching From Cardboard Box to Kindle to Cloud

Social Media, Peer Production, and Web 2.0

The Sharing Economy, Collaborative Consumption, and Creating More Efficient Markets Through Technology

Facebook: a Billion-Plus Users, the High-Stakes Move to Mobile, and Big Business From the Social Graph

Rent the Runway: Entrepreneurs Expanding an Industry by Blending Tech With Fashion, John Gallaugher - Information Systems: a Managers Guide to Harnessing Technology, Version 6.0

Understanding Software: a Primer for Managers

Software in Flux: Open Source, Cloud, Vittualized and App-Driven Shifts

The Data Asset: Databases, Business Intelligence, Analytics, Big Data, and Competitive Advantage

A Managers Guide to the Internet and Telecommunications

Information Security: Barbarians at the Gateway and Just About Everywhere Else

Google in Three Parts: Search, Online Advertising, and an Alphabet of Opportunity

Filters

Exam 8: Understanding Network Effects: Strategies for Competing in a Platform-Centric, Winner-Take-All World

A firm is said to have suffered from the _____ when it preannounces a forthcoming product or service, and experiences a sharp and detrimental drop in sales of current offerings as users wait for the new item.

In the context of network effects, the term "network" refers to either wired or wireless systems that connect computing components.

What are "network effects"? Define the term and briefly explain the relevance they hold in an economic context.

Startup firms that find new markets attractive but do not yet have products ready for delivery preannounce efforts causing potential adaptors to delay a purchasing decision until the new effort rolls out.

Which of the following terms is used as an alternative to switching costs?

Which of the following products or services is not subject to network effects?

Firms need a _________for users to download apps and setup payments.

_____ occur(s) when increasing number of users lower the value of a product or service.

Network effects are also known as _____ Law or Network ____________.

Customers who owned Nintendo's 8-bit video game console were unable to play the same games on the firm's new 16-bit Super Nintendo system. There was little incentive for existing Nintendo fans to stick with the firm. In this case, Nintendo's new offering suffered from a lack of:

Regional anti-trust authorities may consider product bundling by dominant firms to be anticompetitive.

_____ are products or services that add additional value to the primary product or service that makes up a network.

If a firm's claim in the blue ocean is based on easily _____ resources (like technology features), then holding off rivals will be tougher.

Nokia is a cell phone brand that offers digital cameras as part of its cell phone products. It is now in direct competition with camera brands such as Canon and Sony, and has become the world's largest seller of cameras. This is an example of:

Two distinctly separate markets are said to undergo convergence when they:

An instant-messaging standard is an example of a one-sided market.

Staying power refers to the:

Staying power is important for consumers of technology products because investment over time usually greatly exceeds the initial price paid for a product or service

The natural state of a market where network effects are present is for there to be intense competition between several rivals that come to an equalibrium where their respective market shares are roughly identical.

Setting the Stage: Technology and the Modern Enterprise

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

Zara: Fast Fashion From Savvy Systems

Netflix in Two Acts: the Making of an E-Commerce Giant and the Uncertain Future of Atoms to Bits

Moores Law and More: Fast, Cheap Computing and What This Means for the Manager

Disruptive Technologies: Understanding the Giant Killers and Considerations for Avoiding Extinction

Amazoncom: an Empire Stretching From Cardboard Box to Kindle to Cloud

Social Media, Peer Production, and Web 2.0

The Sharing Economy, Collaborative Consumption, and Creating More Efficient Markets Through Technology

Facebook: a Billion-Plus Users, the High-Stakes Move to Mobile, and Big Business From the Social Graph

Rent the Runway: Entrepreneurs Expanding an Industry by Blending Tech With Fashion, John Gallaugher - Information Systems: a Managers Guide to Harnessing Technology, Version 6.0

Understanding Software: a Primer for Managers

Software in Flux: Open Source, Cloud, Vittualized and App-Driven Shifts

The Data Asset: Databases, Business Intelligence, Analytics, Big Data, and Competitive Advantage

A Managers Guide to the Internet and Telecommunications

Information Security: Barbarians at the Gateway and Just About Everywhere Else

Google in Three Parts: Search, Online Advertising, and an Alphabet of Opportunity

Filters

Network effects are also known as _ Law or Network ________.