Chapter 8 MCQ Flashcards
Which of the following is not a characteristic of the Growth phase?
Question 1Answer
Shakeout
Early Adopters
Standardization
Process Innovation
Early Adopters
The endorsement of an organization form, industry or an activity by key stakeholders and institutions such as the government and general public, refers to:
Question 2Select one:
Market Legitimacy
Dominant Design
Early Adopters
Sociopolitical Legitimacy
Sociopolitical Legitimacy
How many stages are there in the industry life-cycle?
Question 3Select one:
3
4
5
6
4
Grocery stores such as Loblaws, Sobeys and Longos are in what phase of the industry lifecycle?
Question 4Answer
Maturity
Decline
Growth
Introduction
Maturity
Which of the following does Jeremy Rifkin describe as an impact of technology on the changing nature of work?
Question 5Answer
The job itself is becoming an artifact
Mass production and large bureaucratic organization are vanishing
Unskilled labour is much less needed
All of the above
All of the above
As indicated in the Case, which of the following is NOT cited as a characteristic which is suggested to differentiate Uber as a “car sharing app” from the taxi industry:
Question 6Answer
Fare rates are 50% lower and calculated in advance
Anyone with a car and license can become a driver
No cash is exchanged
No taxi sign is displayed
Fare rates are 50% lower and calculated in advance
As indicated in the Case, which of the following is NOT cited by the taxi industry as an example of the uneven playing field and unfair advantage of Uber?
Question 7Answer
Do not need to purchase commercial insurance
Do not have to perform mandatory maintenance
Do not have to have criminal record checks
Do not accept cash
Do not accept cash
Which of the following is NOT a characteristic of the maturity phase?
Question 8Answer
Intense rivalry between competitors
Focus on production and manufacturing efficiencies
Product differentiation
Incremental innovation
Product differentiation
Which of the following is NOT a characteristic of the introductory phase of the industry life-cycle?
Question 9Answer
High degree of product innovation
Firms intensely focused on R&D
High levels of uncertainty
High levels of product differentiation
High levels of product differentiation
Which of the following is NOT cited as a reason for an industry or product category going into the decline phase?
Question 10Answer
Tariffs and trade barriers
Shifting consumer preferences and needs
Technological substitution
Changes in demographics
Tariffs and trade barriers
