LSUS MBA 703 ACTUAL EXAM SCRIPT
2026 QUESTIONS WITH SOLUTIONS
GRADED A+
◉Presence of network effects.. Answer: Influences the choice of one
product or service over another.
◉Staying Power. Answer: Long-term viability of a product or service.
◉Switching costs. Answer: Incurred when moving from one product
to another.
◉Total cost of ownership. Answer: Economic measure of the full
cost of owning a product.
◉Complementary Benefits. Answer: Products or services that add
additional value to the primary product or service that makes up a
network.
◉Platforms. Answer: Allow for the development and integration of
software products and other complementary goods.
, ◉One-sided market. Answer: Market that derives most of its value
from a single class of users.
◉Same-side exchange benefits. Answer: Benefits derived by
interaction among members of a single class of participants.
◉Two-sided market. Answer: Network markets comprised of two
distinct categories of participants.
◉Cross-side exchange benefit.. Answer: An increase in the number
of users on one side of the market, creating a rise in the other side.
◉Monopoly. Answer: Market where there are many buyers but only
one dominant seller.
◉Oligopoly. Answer: Market dominated by a small number of
powerful sellers.
◉Convergance. Answer: When two or more markets, once
considered distinctly separate, begin to offer similar features and
capabilities.
2026 QUESTIONS WITH SOLUTIONS
GRADED A+
◉Presence of network effects.. Answer: Influences the choice of one
product or service over another.
◉Staying Power. Answer: Long-term viability of a product or service.
◉Switching costs. Answer: Incurred when moving from one product
to another.
◉Total cost of ownership. Answer: Economic measure of the full
cost of owning a product.
◉Complementary Benefits. Answer: Products or services that add
additional value to the primary product or service that makes up a
network.
◉Platforms. Answer: Allow for the development and integration of
software products and other complementary goods.
, ◉One-sided market. Answer: Market that derives most of its value
from a single class of users.
◉Same-side exchange benefits. Answer: Benefits derived by
interaction among members of a single class of participants.
◉Two-sided market. Answer: Network markets comprised of two
distinct categories of participants.
◉Cross-side exchange benefit.. Answer: An increase in the number
of users on one side of the market, creating a rise in the other side.
◉Monopoly. Answer: Market where there are many buyers but only
one dominant seller.
◉Oligopoly. Answer: Market dominated by a small number of
powerful sellers.
◉Convergance. Answer: When two or more markets, once
considered distinctly separate, begin to offer similar features and
capabilities.
