MIS 301 Final || with Complete Solutions.
T/F: Initially, Amazon adopted the domain of a non-profit organization correct answers false
T/F: Amazon went seven whole years without turning a profit correct answers true
T/F: Amazon's success strategy is based on the focus on its quarterly results correct answers false
T/F: Amazon's digital publishing ambitions have extended beyond the printed word to include
video content and video games correct answers true
T/F: Amazon, as a company, is susceptible to channel conflicts, but less so if it can deliver
suppliers a greater revenue than all other channels combined correct answers true
Which of the following is an example of agency pricing correct answers a department store gets
a cut on the selling price of a product, which is set by the product's manufacturer
Identify the true statement correct answers Rivals colluding to set prices is illegal
Free shipping can cost Amazon upwards of _____ million in a single quarter correct answers 600
Which of the following statements is true? correct answers It is not uncommon for a big retailer
like Amazon to be able to hold products for a month or longer without having to pay for them
The phrase inventory turns refers to: correct answers Number of times inventory is sold or used
during a specific period
The online retailing technique known as ______ offers deep discounts of a limited quantity of
inventory, often for a fixed period of time or until inventory runs outs. correct answers flash sales
_____ is a classification of software that monitors trends among customers and uses this data to
personalize an individual customer's experience correct answers collaborative services
_____ refers to the industry practice where the publisher sets the price and the reseller gets a cut
(usually around 30% in electronic book markets) correct answers agency pricing
The publishing practice known as ____ pricing allows a retailer to buy products from suppliers,
but then sell these products to consumers at whatever price they'd like. correct answers wholesale
______ Law has allowed Amazon to radically drop the price of Kindle offerings. correct answers
Moore's
T/F: High switching costs serve to weaken the value of network effects as a value asset. correct
answers false
, T/F: the higher the value of a user's overall investment, the more they are likely to consider the
staying power of any offering before choosing to adopt it correct answers true
T/F: the natural state of a market where network effects are present is for there to be intense
competition between several rivals that come to an equilibrium where their respective market
shares are roughly identical correct answers false
T/F: startup firms that find new markets attractive but do not yet have products ready for delivery
preannounce efforts causing potential adaptors to delay a purchasing decision until the new effort
rolls out correct answers false
T/F: regional anti-trust authorities may consider product bundling by dominant firms to be
anticompetitive correct answers true
Large firms often find new markets attractive, but might not have products ready for delivery.
What strategy do such firms use to get potential adopters to delay their purchasing decisions?
correct answers preannounce forthcoming efforts
A market dominated by a small number of powerful sellers is known as a(n) _____. correct
answers oligopoly
A firm can spend no money and time, yet expect to enhance its offerings, by: correct answers
allowing other firms to contribute to its platform
Which of the following terms is used as an alternative to switching costs? correct answers lock-
in
Which of the following factors represents one of the sources of value derived from network
effects? correct answers staying power
If a firm's claim in the blue ocean is based on easily ____ resources (like technology features),
then holding off rivals will be tougher. correct answers imitated
The ability to take advantage of complementary products developed for a prior generation of
technology is known as _______ correct answers backwards compatibility
A market where there are many buyers but only one dominant seller is known as a ______
correct answers monopoly
Network effects are also known as ____ law or Network _____ correct answers metcalfe's /
externalities
The rise of social media has made ____ promotion a tool that many firms can exploit correct
answers viral
T/F: Initially, Amazon adopted the domain of a non-profit organization correct answers false
T/F: Amazon went seven whole years without turning a profit correct answers true
T/F: Amazon's success strategy is based on the focus on its quarterly results correct answers false
T/F: Amazon's digital publishing ambitions have extended beyond the printed word to include
video content and video games correct answers true
T/F: Amazon, as a company, is susceptible to channel conflicts, but less so if it can deliver
suppliers a greater revenue than all other channels combined correct answers true
Which of the following is an example of agency pricing correct answers a department store gets
a cut on the selling price of a product, which is set by the product's manufacturer
Identify the true statement correct answers Rivals colluding to set prices is illegal
Free shipping can cost Amazon upwards of _____ million in a single quarter correct answers 600
Which of the following statements is true? correct answers It is not uncommon for a big retailer
like Amazon to be able to hold products for a month or longer without having to pay for them
The phrase inventory turns refers to: correct answers Number of times inventory is sold or used
during a specific period
The online retailing technique known as ______ offers deep discounts of a limited quantity of
inventory, often for a fixed period of time or until inventory runs outs. correct answers flash sales
_____ is a classification of software that monitors trends among customers and uses this data to
personalize an individual customer's experience correct answers collaborative services
_____ refers to the industry practice where the publisher sets the price and the reseller gets a cut
(usually around 30% in electronic book markets) correct answers agency pricing
The publishing practice known as ____ pricing allows a retailer to buy products from suppliers,
but then sell these products to consumers at whatever price they'd like. correct answers wholesale
______ Law has allowed Amazon to radically drop the price of Kindle offerings. correct answers
Moore's
T/F: High switching costs serve to weaken the value of network effects as a value asset. correct
answers false
, T/F: the higher the value of a user's overall investment, the more they are likely to consider the
staying power of any offering before choosing to adopt it correct answers true
T/F: the natural state of a market where network effects are present is for there to be intense
competition between several rivals that come to an equilibrium where their respective market
shares are roughly identical correct answers false
T/F: startup firms that find new markets attractive but do not yet have products ready for delivery
preannounce efforts causing potential adaptors to delay a purchasing decision until the new effort
rolls out correct answers false
T/F: regional anti-trust authorities may consider product bundling by dominant firms to be
anticompetitive correct answers true
Large firms often find new markets attractive, but might not have products ready for delivery.
What strategy do such firms use to get potential adopters to delay their purchasing decisions?
correct answers preannounce forthcoming efforts
A market dominated by a small number of powerful sellers is known as a(n) _____. correct
answers oligopoly
A firm can spend no money and time, yet expect to enhance its offerings, by: correct answers
allowing other firms to contribute to its platform
Which of the following terms is used as an alternative to switching costs? correct answers lock-
in
Which of the following factors represents one of the sources of value derived from network
effects? correct answers staying power
If a firm's claim in the blue ocean is based on easily ____ resources (like technology features),
then holding off rivals will be tougher. correct answers imitated
The ability to take advantage of complementary products developed for a prior generation of
technology is known as _______ correct answers backwards compatibility
A market where there are many buyers but only one dominant seller is known as a ______
correct answers monopoly
Network effects are also known as ____ law or Network _____ correct answers metcalfe's /
externalities
The rise of social media has made ____ promotion a tool that many firms can exploit correct
answers viral
