Laurier BU111 Technology Factors |||\\\ |||\\\ |||\\\ |||\\\
exam with correct answers |||\\\ |||\\\ |||\\\
Industries Radically Changed by Technology - correct answer✔✔Music
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Travel
Transportation
Publishing
Retail
Technological Factors (3) + Signifagance - correct answer✔✔Internet |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
Information technologies |||\\\ |||\\\
Not limited to computers and information
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\
Significance: Demands constant scanning & learning; Legacies/Compatibility make change
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challenging
What is Technology? (2) - correct answer✔✔Equipment & material advancements
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- Substitutes/magnify human effort
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, - Reduce cost, improve performance, increase flexibility
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
-Example: Robots |||\\\
Information technology advancements |||\\\ |||\\\
- Devices & software for creating, storing, exchanging, and using information
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
- Example: cloud; data analytics; video calls
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What is a complementary good? - correct answer✔✔Needed for value
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- Ex. Wifi needed to make phone have value (Wifi is complementary good)
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What are Technology standards? - correct answer✔✔Enables compatibility of complementary
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
goods
What is the Installed Base - correct answer✔✔The number of users
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What is the network effect? - correct answer✔✔Value depends on number of users
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
Ways to break free from visous cycle (5) - correct answer✔✔Enable compatibility
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
Establish alliances |||\\\
Create incentives for complementary goods suppliers
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\
Build a base |||\\\ |||\\\
Key Technology Concepts Images - correct answer✔✔Key Technology Concepts Images
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
exam with correct answers |||\\\ |||\\\ |||\\\
Industries Radically Changed by Technology - correct answer✔✔Music
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
Travel
Transportation
Publishing
Retail
Technological Factors (3) + Signifagance - correct answer✔✔Internet |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
Information technologies |||\\\ |||\\\
Not limited to computers and information
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\
Significance: Demands constant scanning & learning; Legacies/Compatibility make change
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
challenging
What is Technology? (2) - correct answer✔✔Equipment & material advancements
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
- Substitutes/magnify human effort
|||\\\ |||\\\ |||\\\
, - Reduce cost, improve performance, increase flexibility
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
-Example: Robots |||\\\
Information technology advancements |||\\\ |||\\\
- Devices & software for creating, storing, exchanging, and using information
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
- Example: cloud; data analytics; video calls
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
What is a complementary good? - correct answer✔✔Needed for value
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
- Ex. Wifi needed to make phone have value (Wifi is complementary good)
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
What are Technology standards? - correct answer✔✔Enables compatibility of complementary
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
goods
What is the Installed Base - correct answer✔✔The number of users
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
What is the network effect? - correct answer✔✔Value depends on number of users
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
Ways to break free from visous cycle (5) - correct answer✔✔Enable compatibility
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
Establish alliances |||\\\
Create incentives for complementary goods suppliers
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\
Build a base |||\\\ |||\\\
Key Technology Concepts Images - correct answer✔✔Key Technology Concepts Images
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
