Question 17 In social network analysis, high levels of what they have learned wi
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Question 17 In social network analysis, high levels of what they have learned with people outside the group. often come at a price. For example, groups can become too insular and fail to share bridging relationships intellect closure diverse knowledge Question 18 Which of the following is a risk (or potential pitfall) of cost leadership? Cost cutting may lead to the loss of desirable features. Attempts to stay ahead of the competition may lead to gold plating. Cost differences increase as the market matures. Producers are more able to withstand increases in suppliers' cost Question 19 One aspect of using a cost leadership strategy is that experience effects may lead to lower costs. Experience effects are achieved by hiring more experienced personnel. O repeating a process until a task becomes easier. spreading out a given expense or investment over a greater volume. competing in an industry for a long time. Question 20 When using a BCG matrix, a business that currently holds a large market share in a rapidly growing market and that has minimal or negative cash flow would be known as a cow. dog. O problem child. star.Explanation / Answer
17. Social network groups are mostly consists of people of common characteristics, knowledge or skills. Groups can becomes insular and fail to share the knowledge or skills of other groups or professionals which will hamper diverse knowledge of person in group
Answer : Diverse Knowledge
18. Cost Leadership startegy works with product with lowest cost possible. Due to keep cost low it may lead to loss of desirable features of product .
Answer : Cost cutting may lead to loss of desirable features
19. Experience effects refers to learning curve. Doing the same things again and again will leads to less time and hence cost.
Answer : Repeating a process untill a task become easier.
20. High business growth and high market shares are star in BCG matrix
Answer : Star.
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