QUESTION 21 The collusion of firms to address the changing demands of consumers

Question

QUESTION 21

The collusion of firms to address the changing demands of consumers is known as

commoditization.

mass customization.

industry revolution.

None of the above.

1 points   

QUESTION 22

The decline in unit costs of a product or service that occurs as the absolute volume of production increases is known as

economies of scale.

mass customization.

specialization.

None of the above.

1 points   

QUESTION 23

The increasing difficulty firms have distinguishing their products and services from those of their rivals is known as

outsourcing.

offshoring.

mass customization.

commoditization.

1 points   

QUESTION 24

The process of disaggregation and reaggregation has resulted in an increased emphasis on partnerships.

True

False

1 points   

QUESTION 25

The rate of technological change varies considerably across industries in different nations, but generally not in the same nation.

True

False

1 points   

QUESTION 26

The systematic collection and analysis of information about relevant environmental trends is known as

industry analysis.

macroenvironmental analysis.

firm analysis.

None of the above.

1 points   

QUESTION 27

The systematic collection and analysis of information about relevant environmental trends is known as

industry analysis.

macroenvironmental analysis.

environmental scanning.

None of the above.

1 points   

QUESTION 28

The unconscious reference to one’s own cultural values as a standard of judgment is known as cultural discrimination.

True

False

1 points   

QUESTION 29

The unconscious reference to one’s own cultural values as a standard of judgment is known as

the self-reference criterion.

cultural distinction.

cultural awareness.

cultural apathy.

1 points   

QUESTION 30

The unconscious reference to one’s own cultural values as a standard of judgment is known as

global awareness.

cultural apathy.

cultural awareness.

None of the above.

1 points   

QUESTION 31

Thomas Friedman’s bestseller, The World Is Flat, explains how mass customization has forever changed global business.

True

False

1 points   

QUESTION 32

Thomas Friedman’s bestseller, The World Is Flat, explains how technological changes have leveled the playing field in nations like India and China.

True

False

1 points   

QUESTION 33

Which of the following is not a strategic dimension of the Internet?

movement toward information symmetry

increased emphasis on speed

potential for cost reductions and cost shifting

None of the above.

1 points   

QUESTION 34

Which of the following is not a strategic dimension of the Internet?

focus on interactivity

potential for cost reductions and cost shifting

movement toward information asymmetry

None of the above.

1 points   

QUESTION 35

Which of the following is not a strategic dimension of the Internet?

focus on interactivity

guarantee of cost reductions

movement toward information asymmetry

None of the above.

commoditization.

mass customization.

industry revolution.

None of the above.

Explanation / Answer

A 21. None of the above, as all the three options are not a type of collusion.

A 22. Economies of Scale

A 23. commoditization

A 24. True

A 25.False

A 26: None of the above

A 27: Environmental Scanning

A 28: False

A 29: the self-reference criterion

A 30: None of the above

A 31: False

A 32: True

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