Question 1

On Feb 24th 2008 Toshiba announced that it would no longer produce HD DVD and conceded that Sony Blue-Ray has won the competition for dominance in the high definition DVD market. What can we conclude from this announcement?

Accepted Answer

A)   The market has tipped in favor of Sony Blu-Ray and Toshiba understood that continuing to compete would be pointless
B)   The high definition DVD market was not a tippy market and the strong network effects that Toshiba could leverage had dissipated
C)   Until the network is saturated there is an opportunity to discover profitable niches and maintain financial viability
D)   Information economics are strong in the high definition DVD market and Sony Blu-Ray was the first one to achieve critical mass of information reusability.
E)   Impossible to determine from the information given.F) D) and E)
G) A) and B)

Question 2

Network economics is based on the logic of scarce resources

Accepted Answer

A) True 
 B)False

Question 3

In class we have used the example of eBay, Inc. as a firm that has achieved a dominant position in its market. What is the cause of its dominance?

Accepted Answer

A)   eBay has achieved critical mass and has the strongest brand
B)   eBay has achieved critical mass and has the lowest prices
C)   eBay has achieved critical mass in a market with strong network effects
D)   eBay has gotten lucky since its uses an easily copied website
E)   All off the above are reasons for eBay's dominanceF) A) and B)
G) A) and E)

Question 4

Which of the following is a simple definition of the Internet?

Accepted Answer

A)   A user interface
B)   A place where network effects happen
C)   A network of networks
D)   The cable infrastructure used to connect computers
E)   A connection between two or more computersF) B) and C)
G) A) and D)

Question 5

Define "sustainable technology" and "disruptive technology."

Accepted Answer

Sustainable technology is the technologi...

Question 6

Define what a disruptive technology is, list several examples and describe their effects on their respective industries, and discuss how existing firms should react when faced with new technology that may be disruptive to their industry.

Accepted Answer

A disruptive technology is a new innovat...

Question 7

The Internet is the World Wide Web which delivers many services such as email, instant messaging and etc.

Accepted Answer

A) True 
 B)False

Question 8

When will the positive effect associated with network effects play out?

Accepted Answer

A)   Until one firm dominates the network and all other competitors disappear
B)   Until the network is saturated
C)   Until a competitor enters the market
D)   It will never play out
E)   When all competitors are of approximately the same sizeF) B) and E)
G) B) and D)

Question 9

Tippy markets are characterized by a strong variety in product needs.

Accepted Answer

A) True 
 B)False

Question 10

The Internet is primarily using open standards

Accepted Answer

A) True 
 B)False

Question 11

Provide some examples of internet services.

Accepted Answer

World Wide Web (WWW), Instant Messaging ...

Question 12

Network value is based on the logic of value in plentitude.

Accepted Answer

A) True 
 B)False

Question 13

With the advent and widespread adoption of a cheaply and easily accessible information infrastructure, what happens to the "Richness and Reach Trade-Off"?

Accepted Answer

A)   The trade-off between reach and richness has not been eliminated
B)   The trade-off between reach and richness is increasingly being lifted
C)   It depends on if the information goods are in a tippy market or not
D)   Nothing will happen
E)   Balance is reached quicklyF) C) and D)
G) A) and B)

Question 14

A disruptive technology provides the same set of characteristics with radically superior performance.

Accepted Answer

A) True 
 B)False

Question 15

The fact that information has had to rely on a physical carrier limits its ability to behave accordingly to its inherent characteristics and create a trade-off between richness and reach. Please explain this "Richness and Reach Trade-Off.

Accepted Answer

Richness represents the amount of inform...

Question 16

Which of the following companies is/are not in a tippy market?

Accepted Answer

A)   eBay.com
B)   Resort Condominiums International, LLC
C)   Buy.com
D)   Skype
E)   LinkedIn.comF) D) and E)
G) A) and D)

Question 17

Who owns the Internet?

Accepted Answer

A)   The Internet is owned by the users who browse websites
B)   The Internet is owned by the governments
C)   The Internet is owned by the web engineers
D)   The Internet is owned by millions of entities
E)   The Internet is owned by the universitiesF) A) and B)
G) A) and E)

Question 18

The Internet and the Web are exactly the same concepts

Accepted Answer

A) True 
 B)False

Question 19

What is the relationship between data and information?

Accepted Answer

A)   Information is more precise than data
B)   Information is data in context
C)   Information is codified raw facts that have to be processed to become data
D)   Information only exists in Transaction Processing Systems while data has to be stored in a Decision Support System
E)   Information is what you know, data is what the competition hasF) A) and E)
G) B) and E)

Question 20

A sustaining technology provides the same set of characteristics with superior performance.

Accepted Answer

A) True 
 B)False

Exam 4: The Changing Competitive Environment

The Internet is the World Wide Web which delivers many services such as email, instant messaging and etc.

Correct AnswerverifiedShow Answer

What is the relationship between data and information?

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In class we have used the example of eBay, Inc. as a firm that has achieved a dominant position in its market. What is the cause of its dominance?

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A sustaining technology provides the same set of characteristics with superior performance.

Correct AnswerverifiedShow Answer

Define what a disruptive technology is, list several examples and describe their effects on their respective industries, and discuss how existing firms should react when faced with new technology that may be disruptive to their industry.

Correct AnswerAnswered by ExamLex AIA disruptive technology is a new innovat...View AnswerShow Answer

The Internet and the Web are exactly the same concepts

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Who owns the Internet?

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When will the positive effect associated with network effects play out?

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Provide some examples of internet services.

Correct AnswerverifiedWorld Wide Web (WWW), Instant Messaging ...View AnswerShow Answer

A disruptive technology provides the same set of characteristics with radically superior performance.

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Which of the following companies is/are not in a tippy market?

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Define "sustainable technology" and "disruptive technology."

Correct AnswerverifiedSustainable technology is the technologi...View AnswerShow Answer

On Feb 24th 2008 Toshiba announced that it would no longer produce HD DVD and conceded that Sony Blue-Ray has won the competition for dominance in the high definition DVD market. What can we conclude from this announcement?

Correct AnswerverifiedShow Answer

Tippy markets are characterized by a strong variety in product needs.

Correct AnswerverifiedShow Answer

Network value is based on the logic of value in plentitude.

Correct AnswerverifiedShow Answer

The Internet is primarily using open standards

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Which of the following is a simple definition of the Internet?

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Network economics is based on the logic of scarce resources

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The fact that information has had to rely on a physical carrier limits its ability to behave accordingly to its inherent characteristics and create a trade-off between richness and reach. Please explain this "Richness and Reach Trade-Off.

Correct AnswerverifiedRichness represents the amount of inform...View AnswerShow Answer

With the advent and widespread adoption of a cheaply and easily accessible information infrastructure, what happens to the "Richness and Reach Trade-Off"?

Correct AnswerverifiedShow Answer

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A disruptive technology is a new innovat...
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World Wide Web (WWW), Instant Messaging ...
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Sustainable technology is the technologi...
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On Feb 24^th 2008 Toshiba announced that it would no longer produce HD DVD and conceded that Sony Blue-Ray has won the competition for dominance in the high definition DVD market. What can we conclude from this announcement?

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Richness represents the amount of inform...
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