Which of the following metrics is best for measuring the competitive success of a firm
pursuing a niche strategy?
Give this one a try later!
Return on invested capital.
(Because the firm is limited in size by strategy, the best measure is one that
is relative performance in relationship to the smaller size of the firm, not
measures that are affected by absolute size of the firm.)
Pick the best definition
1. Minimum efficient scale
2. Learning curve
3. Economy of scope
Give this one a try later!
, 1. level of production where no more economies of scale can be gained
2.. Costs decreases for a firm for every unit produced
3. Decreasing costs as increase number of physical locations where firm
operations or sells
Match the business model with the best example of how adopting that business
model helps improve the bottom line
1. Razors and razorblades
2. Subscription
3. Pay as you go
4. Freemium
5. Wholesale
6. Agent on Commission
7. Bundling
Give this one a try later!
1. Buyers face higher switching costs.
2. Increase predictability of revenue
3. Buyers often pay more over time to avoid initial costs.
4. Network effects rapidly grow in size.
5. Buyers pay premium to simplify supplier network.
6. Increase percentage of costs that are variable; costs incurred only after
sales.
7. Buyers pay for products that do not use or want.
What is the halo effect?
Give this one a try later!
It is attributing performance of a firm to the skill of the top manager.
pursuing a niche strategy?
Give this one a try later!
Return on invested capital.
(Because the firm is limited in size by strategy, the best measure is one that
is relative performance in relationship to the smaller size of the firm, not
measures that are affected by absolute size of the firm.)
Pick the best definition
1. Minimum efficient scale
2. Learning curve
3. Economy of scope
Give this one a try later!
, 1. level of production where no more economies of scale can be gained
2.. Costs decreases for a firm for every unit produced
3. Decreasing costs as increase number of physical locations where firm
operations or sells
Match the business model with the best example of how adopting that business
model helps improve the bottom line
1. Razors and razorblades
2. Subscription
3. Pay as you go
4. Freemium
5. Wholesale
6. Agent on Commission
7. Bundling
Give this one a try later!
1. Buyers face higher switching costs.
2. Increase predictability of revenue
3. Buyers often pay more over time to avoid initial costs.
4. Network effects rapidly grow in size.
5. Buyers pay premium to simplify supplier network.
6. Increase percentage of costs that are variable; costs incurred only after
sales.
7. Buyers pay for products that do not use or want.
What is the halo effect?
Give this one a try later!
It is attributing performance of a firm to the skill of the top manager.
