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OIM 210 Exam 1 Study Plan with Questions and Answers

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OIM 210 Exam 1 Study Plan with Questions and Answers Internet of Things ANSWER A vision where low-cost sensors, processors, and communication are embedded into a wide array of products and our environment, allowing a vast network to collect data, analyze input, and automatically coordinate collective action. Radical IT ANSWER A disruptive technology that displaces an established technology and shakes up the industry or a ground-breaking product that creates a new industry Incremental ...

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OIM 210 Practice Quiz 1 with Questions and Answers

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OIM 210 Practice Quiz 1 with Questions and Answers The _____ problem exists when rivals watch a pioneer's efforts, learn from their successes and missteps, and then enter the market quickly with a comparable or superior product at a lower cost. Select one: a. late entrant b. early starter c. first mover d. intellectual property e. fast follower ANSWER e _____ refers to performing different tasks than rivals or the same tasks in a different way. Select one: a. Straddling b. Ope...

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OIM 210 Exam Study Material with Questions and Answers

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OIM 210 Exam Study Material with Questions and Answers The bulk of Google's revenue comes from ANSWER Advertising The website displayed when a user clicks on an ad is called the ANSWER Landing Page Operational effectiveness is a dangerous strategy for firms to follow because ANSWER When offerings are roughly the same, they are more commodity than differentiated A firm is said to be _____ when it attempts to match the benefits of a successful position while maintaining its posit...

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OIM 210 Final Exam Prep with Questions and Answers

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OIM 210 Final Exam Prep with Questions and Answers Google Maps integrated a couple of Uber features like the ability to Get an Uber and see the estimated drop-off time. You can also see the estimated pick-up time and price for your route. These two applications (Google and Uber) can now talk to each other thanks to a programmatic hook called: ANSWER An application program interface (API) Netscape, which once controlled more than 80 percent of the market share in Web browsers, lost its dom...

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OIM 210 Exam 1 with Questions and Verified Answers

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OIM 210 Exam 1 with Questions and Verified Answers Founded Google ANSWER Sergey Brin and Larry Page Founded Yahoo ANSWER Jerry Yang and David Filo Founded Zappos ANSWER Tony Hsieh Founded Instagram ANSWER Kevin Systrom Found Amazon ANSWER Jeff Bezoz Founded Youtube ANSWER Steven Chen and Chad Hurley Moore's law ANSWER -faster/cheaper computing -A law, created by Gordon Moore, stating that the number of transistors er square inch on an integrated chip doubles every...

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OIM 210 Exam 1 Guide with Questions and Answers

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OIM 210 Exam 1 Guide with Questions and Answers How does Zara differ from its competitors in converting ideas into products? a. Zara concepts appear in stores in fifteen days on average, compared to rivals who receive new styles once or twice a season. b. Zara's ideas are inspired by social media, compared to the intrinsic design processes followed by its competitors. c. Zara's design and concept teams use data from customers to predict fashion trends many months into the future and ...

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OIM 210 Exam 2 with Questions and Answers

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OIM 210 Exam 2 with Questions and Answers A low _____ is usually key to a firm's profitability because acquiring a customer is more expensive than keeping one. ANSWER Churn rate Churn rate is a term that refers to the: ANSWER rate at which customers leave a product or service. Collaborative filtering is a classification of software that: ANSWER monitors trends among customers to personalize an individual customer's experience. Costs that do not vary according to production v...

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OIM 210 Exam 1 Prep with Questions and Answers

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OIM 210 Exam 1 Prep with Questions and Answers Copy ANSWER Ctrl + C Cut ANSWER Ctrl + X Paste ANSWER Ctrl + V New workbook ANSWER Ctrl + N Open a workbook ANSWER Ctrl + O Save a workbook ANSWER Ctrl + S Close Out of Excel ANSWER Ctrl + F4 Save as ANSWER F12 Undo ANSWER Ctrl + Z Spell Check ANSWER F7

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OIM 210 Final Exam with Questions and Answers

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OIM 210 Final Exam with Questions and Answers Also known as Metcalfe's Law, or network externalities...when the value of a product or service increases as its number of users expands...when products or services become more valuable as its installed base expands (not physical wires or wireless system that connects pieces of electronics) ANSWER Network Effects The internet is a good example of __________ ___________ Initially, there were few users of the internet...As more users gained a...

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OIM 210 Exam 1 with Complete Solutions

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OIM 210 Exam 1 with Complete Solutions The _____ problem exists when rivals watch a pioneer's efforts, learn from their successes and missteps, and then enter the market quickly with a comparable or superior product at a lower cost. ANSWER fast follower _____ refers to performing different tasks than rivals or the same tasks in a different way. ANSWER strategic positioning A firm is said to be _____ when it attempts to match the benefits of a successful position while maintaining i...

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