NETW583 (all Correct answers) Quiz Week 2 Latest 2018 May

Question 1

Innovations created by users are usually not motivated by profit.

True

False

Question 2

Innovation only arise from large firms with a large number resources and services.

True

False

Question 3

Firm A used the intranet to share employee’s ideas outside of the company.

True

False

Question 4

Firm B, a widget maker, collaborates with Firm C, a complementor, to produce widget holders.

True

False

Question 5

0 / 1 pts

Firm D uses tacitknowledge which has many underlying components, or many interdependencies between those components, or both.

True

False

Question 6

Private nonprofit organizations do not really contribute to innovation activity in a variety of complex ways.

True

False

Question 7

In an attempt to create an agglomeration economy, Firm E built its widget shop in close proximity to Firm F to promote a geographical advantage.

True

False

Question 8

First-movers earn greater revenues than other entrants and face lower costs, so they earn higher profits in the long run.

True

False

Question 9

Firm G (an early follower) beat Firm H (a first mover) to market with its widget to cure baldness.

True

False

Question 10

Firm I (a first mover) experienced incumbent inertia because the company was stuck with its earlier production system while Firm J (a later entrant) adopted a more efficient production process.

True

False