LSUS MBA 703 Gherfal Module 3 Exam
questions with correct answers
Network |Effects |- |VERIFIED |ANSWER✔✔-The |value |of |a |product |or |service |increases |as |its |number |of |
users |expands.
Presence |of |network |effects. |- |VERIFIED |ANSWER✔✔-Influences |the |choice |of |one |product |or |service |
over |another.
Staying |Power |- |VERIFIED |ANSWER✔✔-Long-term |viability |of |a |product |or |service.
Switching |costs |- |VERIFIED |ANSWER✔✔-Incurred |when |moving |from |one |product |to |another.
Total |cost |of |ownership |- |VERIFIED |ANSWER✔✔-Economic |measure |of |the |full |cost |of |owning |a |
product.
Complementary |Benefits |- |VERIFIED |ANSWER✔✔-Products |or |services |that |add |additional |value |to |
the |primary |product |or |service |that |makes |up |a |network.
Platforms |- |VERIFIED |ANSWER✔✔-Allow |for |the |development |and |integration |of |software |products |
and |other |complementary |goods.
One-sided |market |- |VERIFIED |ANSWER✔✔-Market |that |derives |most |of |its |value |from |a |single |class |of
|users.
Same-side |exchange |benefits |- |VERIFIED |ANSWER✔✔-Benefits |derived |by |interaction |among |members
|of |a |single |class |of |participants.
Two-sided |market |- |VERIFIED |ANSWER✔✔-Network |markets |comprised |of |two |distinct |categories |of |
participants.
, Cross-side |exchange |benefit. |- |VERIFIED |ANSWER✔✔-An |increase |in |the |number |of |users |on |one |side |
of |the |market, |creating |a |rise |in |the |other |side.
Monopoly |- |VERIFIED |ANSWER✔✔-Market |where |there |are |many |buyers |but |only |one |dominant |
seller.
Oligopoly |- |VERIFIED |ANSWER✔✔-Market |dominated |by |a |small |number |of |powerful |sellers.
Convergance |- |VERIFIED |ANSWER✔✔-When |two |or |more |markets, |once |considered |distinctly |
separate, |begin |to |offer |similar |features |and |capabilities.
Envelopment |- |VERIFIED |ANSWER✔✔-When |one |market |attempts |to |conquer |a |new |market |by |
making |it |a |subset, |component, |or |feature |of |its |primary |offering.
Backward |compatibility |- |VERIFIED |ANSWER✔✔-Ability |to |use |complementary |products |developed |for
|a |prior |generation |of |technology.
Adaptor |- |VERIFIED |ANSWER✔✔-Product |that |allows |a |firm |to |use |the |complimentary |products, |data,
|or |user |base |of |another |product |or |service.
The |Osborne |Effect |- |VERIFIED |ANSWER✔✔-Firm |experiencing |a |sharp |and |detrimental |drop |in |the |
sales |of |current |offerings |due |to |its |preannouncement |of |forthcoming |products.
Congestion |effects |- |VERIFIED |ANSWER✔✔-Increasing |numbers |of |users |to |lower |the |value |of |a |
product |or |service.
Every |product |or |service |subject |to |network |effects |- |VERIFIED |ANSWER✔✔-Fosters |some |kind |of |
change.
Value-adding |sources |work |together |to |- |VERIFIED |ANSWER✔✔-reinforce |one |another |to |make |the |
network |effect |even |stronger.
questions with correct answers
Network |Effects |- |VERIFIED |ANSWER✔✔-The |value |of |a |product |or |service |increases |as |its |number |of |
users |expands.
Presence |of |network |effects. |- |VERIFIED |ANSWER✔✔-Influences |the |choice |of |one |product |or |service |
over |another.
Staying |Power |- |VERIFIED |ANSWER✔✔-Long-term |viability |of |a |product |or |service.
Switching |costs |- |VERIFIED |ANSWER✔✔-Incurred |when |moving |from |one |product |to |another.
Total |cost |of |ownership |- |VERIFIED |ANSWER✔✔-Economic |measure |of |the |full |cost |of |owning |a |
product.
Complementary |Benefits |- |VERIFIED |ANSWER✔✔-Products |or |services |that |add |additional |value |to |
the |primary |product |or |service |that |makes |up |a |network.
Platforms |- |VERIFIED |ANSWER✔✔-Allow |for |the |development |and |integration |of |software |products |
and |other |complementary |goods.
One-sided |market |- |VERIFIED |ANSWER✔✔-Market |that |derives |most |of |its |value |from |a |single |class |of
|users.
Same-side |exchange |benefits |- |VERIFIED |ANSWER✔✔-Benefits |derived |by |interaction |among |members
|of |a |single |class |of |participants.
Two-sided |market |- |VERIFIED |ANSWER✔✔-Network |markets |comprised |of |two |distinct |categories |of |
participants.
, Cross-side |exchange |benefit. |- |VERIFIED |ANSWER✔✔-An |increase |in |the |number |of |users |on |one |side |
of |the |market, |creating |a |rise |in |the |other |side.
Monopoly |- |VERIFIED |ANSWER✔✔-Market |where |there |are |many |buyers |but |only |one |dominant |
seller.
Oligopoly |- |VERIFIED |ANSWER✔✔-Market |dominated |by |a |small |number |of |powerful |sellers.
Convergance |- |VERIFIED |ANSWER✔✔-When |two |or |more |markets, |once |considered |distinctly |
separate, |begin |to |offer |similar |features |and |capabilities.
Envelopment |- |VERIFIED |ANSWER✔✔-When |one |market |attempts |to |conquer |a |new |market |by |
making |it |a |subset, |component, |or |feature |of |its |primary |offering.
Backward |compatibility |- |VERIFIED |ANSWER✔✔-Ability |to |use |complementary |products |developed |for
|a |prior |generation |of |technology.
Adaptor |- |VERIFIED |ANSWER✔✔-Product |that |allows |a |firm |to |use |the |complimentary |products, |data,
|or |user |base |of |another |product |or |service.
The |Osborne |Effect |- |VERIFIED |ANSWER✔✔-Firm |experiencing |a |sharp |and |detrimental |drop |in |the |
sales |of |current |offerings |due |to |its |preannouncement |of |forthcoming |products.
Congestion |effects |- |VERIFIED |ANSWER✔✔-Increasing |numbers |of |users |to |lower |the |value |of |a |
product |or |service.
Every |product |or |service |subject |to |network |effects |- |VERIFIED |ANSWER✔✔-Fosters |some |kind |of |
change.
Value-adding |sources |work |together |to |- |VERIFIED |ANSWER✔✔-reinforce |one |another |to |make |the |
network |effect |even |stronger.
