1. Which of the following is NOT one of the components of a firm's business model?
2. A.strategic resources
3. B.partnership network
4. C.customer interface
5. D.the industry competitors
6. E.core strategy

2 points

QUESTION 9

1. The ILinc LearnLinc team saw that the new network technologies would allow corporations to train their employees in new ways that could reduce travel time and reduce training expense.This is an example of
2. A.Market segmentation
3. B.Opportunity Recognition
4. C.Buying intentions survey
5. D.Feasibility analysis

2 points

QUESTION 10

1. Uber decided to match drivers who owned cars with riders who needed rides. This is an example of
2. A.a niche strategy
3. B.primary research.
4. C.disruptive innovation
5. D.business model innovation
6. E.market segmentation

2 points

QUESTION 11

1. People began to install rooftop solar electric collectors in Massachusetts once they realized that the utilities were required to buy the power from them at retail rates.This is an example of
2. A.first mover advantages
3. B.technological advances
4. C.social trends
5. D.economic trends
6. E.political and regulatory changes

2 points

QUESTION 12

1. Which of these business cases is an example of a sustaining innovation?
2. A.Uber disrupted the taxi business.
3. B.Digital delivery of music replaced CD's which had replaced tapes which had replaced records.
4. C.Automotive manufacturers found that they could save fuel by turning off some of the cylinders in V8 engines..
5. D.Steel mini-mills began to make cheap rebar steel and then got better and better at more expensive steels -taking business from the big mills.
6. E.Inexpensive retailers copy designer label clothing

2 points

QUESTION 13

1. Some business models try to cut out the middleman.Dell cut out the wholesalers and retailers.Amazon cut out the book distribution scheme through bookstores. This is called.
2. A.mass customization
3. B.disintermediation
4. C.effectual entrepreneurship
5. D.pivoting

2 points

QUESTION 14

1. Jamdat, which is based in Los Angeles, is an entrepreneurial startup that is producing specialty games and ring tones for cell phones. Jamdat's business opportunity has been made possible by ________ that continue to improve the wireless communications industry.
2. A.social forces
3. B.technological forces
4. C.regulatory forces
5. D.economic forces
6. E.legal forces

2 points

QUESTION 15

1. An inventor who was trying to create better adhesives accidentally created an adhesive that was easy to pull loose.After he realized he messed up, he had the bright idea to create post-it notes.This is an example of:
2. A.process innovation
3. B.product innovation
4. C.position innovation
5. D.paradigm innovation

2 points

QUESTION 16

1. The leaders of Digital Equipment felt that computing was something that would be primarily used by professionals in a business setting and dismissed the idea that personal computing would become popular in the home.This is an example of:
2. A.a multi-domestic strategy
3. B.lack of strategic resources
4. C.business concept blind spot
5. D.inadequate customer interface
6. E.a poor feasibility study

2 points

QUESTION 17

1. Which of these innovations is most toward the radical end of the spectrum?:
2. A.Cars introduce LED lighting
3. B.Walmart opens an online store
4. C.Tesla builds an electric car
5. D.All of the above
6. E.GM shuts down four of eight cylinders on its trucks to save fuel

2 points

QUESTION 18

1. Tesla Motor Company is relying on which of these factors as it develops and sells electric automobiles:
2. A.all of the above
3. B.economic forces
4. C.regulatory forces
5. D.legal forces
6. E.political forces
7. F.technological forces