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Please answer the following MCQs. Thanks Question 2 (1 point) Select one of the below: When one firm makes more transaction-specific investments in a strategic

Please answer the following MCQs. Thanks

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Question 2 (1 point) Select one of the below: When one firm makes more transaction-specific investments in a strategic alliance than the partner firm does, that firm may be subject to a form of cheating called ________ . This occurs when a firm that has not made significant transaction-specific investments demands returns from an alliance that are higher than what the partners agreed to when they created the alliance. O noncompliance O adverse selection 0 holdup O moral hazard Question 3 (1 point) Which of the below would be considered main driving forces of industry evolution? 0 The quest for cost and differentiation advantage 0 Government policy and global financial flow 0 Demand and technology 0 Globalization and technology Question 4 (1 point) In recent history, what trend has been seen in the cycle of innovation (from initial knowledge generation to final diffusion)? Q It has become more global Q It has gotten faster 0 It has gotten slower Q It has become more uncertain Question 5 (1 point) Consider the following scenario: A firm has an innovation with weak patent protection. Exploiting the innovation requires numerous complementary resources that they do not posses. What would be the best mode of exploiting the innovation? 0 Through a joint venture 0 Through licensing 0 By acquiring a company that possesses the complementary resources they lack. 0 Through interncal commercialization Question 6 (1 point) Which of the following should a marketing team do to speed up the adoption of a new product? 0 They should heavily rely on word-of-mouth marketing. 0 They should ensure that features and benefits of the new product can be demonstrated or communicated. 0 They should design the maximum amount of complexity into the project. 0 They should attempt to make a clean break with existing customer values. Question 7 (1 point) Choose the below answer that has the ability to negatively influence an innovations rate of diffusion. 0 High compatability 0 High complexity 0 High levels of communicability Q Divisibility O Substantial relative advantage Question 8 (1 point) Which sequence correctly shows the product adoption process? (awareness -->interest-->evaluation-->trial-->adoption. (evaluation-->trial-->awareness-->interest-->adoption. (adoption--> evaluation-->trial-->interest-->awareness. O interest-->awareness-->adoption-->trial-->evaluation. O trial-->interest-->evaluation--> awareness-->adoption. Question 9 (1 point) Which of the below occurs when partners in an alliance possess high quality resources and significantly valuable capabilities, but they fail to make these available to their alliance partners? O adverse selection O explicit collusion O moral hazard O holdupQuestion 10 (1 point) In strategic management, the expression "blue oceans" refers to: O Radical innovation. 0 The potential offered by uncontested market space. 0 The campaign to reduce pollution in the world's oceans. 0 Cost reduction through offshoring production. Question 11 (1 point) The usefulness of the strategy canvas (Value Curve) in developing blue ocean strategies rests on its ability to: 0 Identify opportunities for recombining existing product attributes in novel ways 0 Suggest possible applications of frontier technologies 0 Identify unfulfilled customer needs 0 Reconfigure a firm's value chain

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