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The online auction site eBay has more than 100 million active users, so buyers are more likely to find what they are looking for while sellers are more likely to find buyers for the items they are offering. What is this an example of?
Answer ModeMultiple Choice QuestionYour Answer correctThe online auction site eBay has more than 100 million active users, so buyers are more likely to find what they are looking for while sellers are more likely to find buyers for the items they are offering. What is this an example of? M...
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What are the effects of consumers' brand loyalty for a company selling goods and products?
Answer ModeMultiple Select QuestionYour Answer correctWhat are the effects of consumers' brand loyalty for a company selling goods and products?Multiple select question.Consumers will prioritize the products of rival companies.Consumers will overlook defects.correctConsumers will promote produc...
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According to the five forces model, a firm seeking to compete in an established industry should seek to do which of the following?
Answer ModeMultiple Select QuestionYour Answer correctAccording to the five forces model, a firm seeking to compete in an established industry should seek to do which of the following? Multiple select question.Ignore the strength of competitive forces and focus on functional strategypositi...
Read MoreAdvantages based on brand loyalty, proprietary technology, preferential access to raw materials, and favorable geographic locations are examples of .
Answer ModeMultiple Choice QuestionYour Answer correctAdvantages based on brand loyalty, proprietary technology, preferential access to raw materials, and favorable geographic locations are examples of Blank______.Multiple choice question.advantages dependent on sizeReason: These adva...
Read MoreCost advantages that accrue for firms with larger output because they can spread fixed costs over more units and can employ technology more efficiently are called .
Economies of scale...
Read MoreAnswer ModeFill in the Blank QuestionYour Answer correctFill in the blank question.The threat of entry is high when capital requirements are lowField 1Field 1 low , Correct Unavailable in comparison to the expected returns.Correct AnswerQuestionField 1: low, lower, or&n...
Read MoreWhen a firm is able to maximize the gap between , it increases its competitive advantage.
Answer ModeMultiple Choice QuestionYour Answer correctWhen a firm is able to maximize the gap between Blank______, it increases its competitive advantage.Multiple choice question.the PESTEL analysis and the industry analysisthe cost of production and the value of what it producescorrectthe...
Read MoreIf a business considers changing vendors, but doing so would require that business to alter product specifications, retrain employees, and/or modify existing processes, we would say the business faces significant .
Answer ModeMultiple Choice QuestionYour Answer correctIf a business considers changing vendors, but doing so would require that business to alter product specifications, retrain employees, and/or modify existing processes, we would say the business faces significant Blank______.Multiple ch...
Read MoreObstacles that determine how easily a firm can enter an industry, are called .
Answer ModeMultiple Choice QuestionYour Answer correctObstacles that determine how easily a firm can enter an industry, are called Blank______.Multiple choice question.entry barrierscorrectthreats of substitutesrivalry barrierssupplier barriersCorrect AnswerQuestionentry barriers...
Read MoreWhat term describes the positive effect that one user of a product or service has on the value of that product or service for other users?
Answer ModeMultiple Choice QuestionYour Answer correctWhat term describes the positive effect that one user of a product or service has on the value of that product or service for other users?Multiple choice question.mass effectmultiplicity effectnetwork effectcorrectuser effectCorrect AnswerQu...
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