IDSC 3001 | UPDATED Questions with 100% Verified Answers
Question:
Brand
Answer:
The symbolic embodiment if all the information connected with a product or service
Question:
Fast Follower
Answer:
Exists when savvy rivals watch a pioneer's efforts, learn from their successes, then enter
the market with a comparable of superior product at a lower cost
Question:
Patents
Answer:
U.S law that provides some protection from copycats attempting to identically mimic a
product or method.
Question:
Internet of Things
Answer:
Low cost sensors, Processors, and communcation are embedded in a wide array of
products and our environment
Question:
Commodoties
Answer:
A basic good that can be interchanged with nearly identical offerings.
Question:
Porter's five forces
Answer:
, a framework considering the interplay between new entrants, existing competitors,
suppliers, buyers, and substitute products or services.
Question:
Digital transformation
Answer:
Improved data management, the internet of things, and artificial intelligence created this
business revolution.
Question:
Distribution Channels
Answer:
The path through which products or services get to customers
Question:
switching costs
Answer:
the cost a consumer incurs when moving from one product to another
Question:
straddling
Answer:
a firm is said to be doing this when it attempts to match the benefits of a successful
position while maintaining it's existing position
Question:
Augmented Reality
Answer:
A technology that superimposes content, such as images and animation, on top of real-
world images.
Question:
Value Chain
Answer:
Question:
Brand
Answer:
The symbolic embodiment if all the information connected with a product or service
Question:
Fast Follower
Answer:
Exists when savvy rivals watch a pioneer's efforts, learn from their successes, then enter
the market with a comparable of superior product at a lower cost
Question:
Patents
Answer:
U.S law that provides some protection from copycats attempting to identically mimic a
product or method.
Question:
Internet of Things
Answer:
Low cost sensors, Processors, and communcation are embedded in a wide array of
products and our environment
Question:
Commodoties
Answer:
A basic good that can be interchanged with nearly identical offerings.
Question:
Porter's five forces
Answer:
, a framework considering the interplay between new entrants, existing competitors,
suppliers, buyers, and substitute products or services.
Question:
Digital transformation
Answer:
Improved data management, the internet of things, and artificial intelligence created this
business revolution.
Question:
Distribution Channels
Answer:
The path through which products or services get to customers
Question:
switching costs
Answer:
the cost a consumer incurs when moving from one product to another
Question:
straddling
Answer:
a firm is said to be doing this when it attempts to match the benefits of a successful
position while maintaining it's existing position
Question:
Augmented Reality
Answer:
A technology that superimposes content, such as images and animation, on top of real-
world images.
Question:
Value Chain
Answer:
