When a dominant design is established in an industry,manufacturers tend to turn their focus to improving efficiency.
Choose correct answer/s
True
False
Check answer
Question 2
Free
True/False
The learning curve indicates that the more units a company produces of an item,the more each unit will cost.
Choose correct answer/s
True
False
Check answer
Question 3
Free
True/False
A firm that develops a new technology ahead of its rivals may have an advantage in staying ahead of others.
Choose correct answer/s
True
False
Check answer
Question 4
Free
True/False
The ability of an organization to recognize,assimilate,and utilize new knowledge is referred to as its learning curve.
Choose correct answer/s
True
False
Check answer
Question 5
Free
True/False
Network externalities cannot arise in markets that do not have physical networks.
Choose correct answer/s
True
False
Check answer
Question 6
True/False
Disetronic dominates the market for insulin pumps for diabetics.The more physicians prescribe it for patients,the more complementary goods are made for it.This is an example of "network externalities."
Choose correct answer/s
True
False
To unlock the question
Question 7
True/False
Due to network externalities,the benefit from using eBay to buy and sell goods decreases with the number of users of eBay.
Choose correct answer/s
True
False
To unlock the question
Question 8
True/False
Government regulation can make a technology the dominant design.
Choose correct answer/s
True
False
To unlock the question
Question 9
True/False
The fact that there are many companies supplying high quality and inexpensive ink refill kits for inkjet printers raises the value of the inkjet printer.
Choose correct answer/s
True
False
To unlock the question
Question 10
True/False
There are never any advantages to a government mandated dominant design of technology.
Choose correct answer/s
True
False
To unlock the question
Question 11
True/False
In some industries,multiple competing technologies can coexist peacefully while in others there will be strong pressures for only one technology to succeed.
Choose correct answer/s
True
False
To unlock the question
Question 12
True/False
A dominant design does not influence the problem-solving techniques used in the industry.
Choose correct answer/s
True
False
To unlock the question
Question 13
True/False
Firms that develop technologically superior products are usually winners.
Choose correct answer/s
True
False
To unlock the question
Question 14
True/False
The "Buyer Utility Map" developed by Kim and Mauborgne can be applied only to consumer products.
Choose correct answer/s
True
False
To unlock the question
Question 15
True/False
If a new innovation has a significant advantage in functionality,its overall value will be greater than the incumbent standard.
Choose correct answer/s
True
False
To unlock the question
Question 16
True/False
When comparing the value of a new technology to an existing technology,the tendency is to focus mainly on objective information.
Choose correct answer/s
True
False
To unlock the question
Question 17
True/False
The value of a good to a user increases in a linear fashion.
Choose correct answer/s
True
False
To unlock the question
Question 18
True/False
Monopoly costs take the form of an s-shape.
Choose correct answer/s
True
False
To unlock the question
Question 19
True/False
The steepness of the monopoly cost curve is largely a function of government regulations.
Choose correct answer/s
True
False
To unlock the question
Question 20
True/False
By choosing not to exercise its monopoly power,a firm can flatten its monopoly costs curve.