1780s
Multiple Choice Question
The process in which change agents create new products or processes at significant economic risk is known as .
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The process in which change agents create new products or processes at significant economic risk is known as .
Answer ModeMultiple Choice QuestionYour Answer correctThe process in which change agents create new products or processes at significant economic risk is known as Blank______.Multiple choice question.entrepreneurshipcorrectfranchisingcompetitive advantagebrandingCorrect AnswerQuestionentre...
Read MoreA firm that successfully leverages network effects can .
Answer ModeMultiple Choice QuestionYour Answer correctA firm that successfully leverages network effects can Blank______.Multiple choice question.eliminate competitionbring its industry life cycle to a haltpush its industry into the growth stagecorrectestablish a permanent competitive adva...
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The second industrial revolution was marked by major breakthroughs in which three areas?
Answer ModeMultiple Select QuestionYour Answer correctThe second industrial revolution was marked by major breakthroughs in which three areas?Multiple select question.manufacturingcorrectagriculturetechnologycorrectproduction methodscorrectCorrect AnswerQuestionmanufacturingtechnologyproduction...
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First-mover disadvantages can include which of the following?
Answer ModeMultiple Select QuestionYour Answer incorrectFirst-mover disadvantages can include which of the following?Multiple select question.the need to continuously perfect a productcorrectthe need to compete on price instead of product featuresthe need to educate potential customers about th...
Read MoreYour Answer correctFill in the blank question.During the first industrial revolution, a(n) comparativeField 1Field 1 comparative , Correct Unavailable advantage emerged which is when each nation has a lower opportunity cost in producing one good over a different good.Correct AnswerQue...
Read MoreDuring the introductory stage of the industry life cycle, innovators will likely devote most of their time, money, and effort to .
Answer ModeMultiple Choice QuestionYour Answer correctDuring the introductory stage of the industry life cycle, innovators will likely devote most of their time, money, and effort to Blank______.Multiple choice question.human resource recruitmentmanagementoperations managementresearch and ...
Read MoreDrag each industrial revolution wave to the period in which it occurred.
1780s
1870s
1970s
2020s
Answer ModeMatching QuestionYour Answer correctDrag each industrial revolution wave to the period in which it occurred.1780s1780s Drop zone Steam power, mechanization correct Toggle Button Unavailable.Steam power, mechanization1870s1870s Drop zone Electricity, mass production, the assembly line...
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Which of the following are stages of the industry life cycle?
Answer ModeMultiple Select QuestionYour Answer correctWhich of the following are stages of the industry life cycle? Multiple select question.multiplicationgrowthcorrectstandardizationintroductioncorrectmaturitycorrectdeclinecorrectshakeoutcorrectCorrect AnswerQuestiongrowthintroductionmatu...
Read MoreWhat happens during the last step of the innovation process?
Your Answer correctWhat happens during the last step of the innovation process?Multiple choice question.The innovating firm incorporates the innovation into its product line.The firm turns the original idea into a concrete process or product.Competitors try to imitate the successful innovation....
Read MoreEntrepreneurs innovate by .
Answer ModeMultiple Choice QuestionYour Answer correctEntrepreneurs innovate by Blank______.Multiple choice question.commercializing new ideas and inventionscorrectincreasing demand for existing productslimiting competition in a given marketacquiring promising start-up companiesCorrect Ans...
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