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Question
An efficiency frontier is the range of _____ that optimize a combination of features of a potential project.A. product features
B. attribute arrangements
C. hypothetical configurations
D. conjoint dimensions
Answer
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Related questions
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What are the factors that determine whether switching to a new technology will benefit a firm?
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Once a new product design becomes a dominant design:
A. the product is no longer profitable.
B. it becomes difficult for competitors to imitate.
C. the architecture on which the industry can focus its efforts is destabilized.
D. the product design is adopted by the majority of producers.
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When a technology's performance is plotted against the amount of effort and money invested in the technology, it typically shows slow initial improvement, then accelerated improvement, then diminishing improvement.
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S-curves in technology performance and s-curves in technology diffusion are fundamentally different processes.
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Product innovations are more important than process innovations to organizations because they are less visible than process innovations.
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The path a technology follows through time is termed as technology trajectory.
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B. technological spillover
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A. agglomeration economies
B. incubator economies
C. virtual economies
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Firms often form alliances with competitors to jointly work on an innovation project or to exchange information in pursuit of innovation.
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Explain the impact of computer-aided design and flexible manufacturing technologies on firms.
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Which of the following is true of externalities?
A. All externalities are negative in nature.
B. They are only borne by individuals responsible for creating them.
C. Technological innovation results in complete eradication of negative externalities.
D. Externalities can be in the form of benefits reaped by individuals.
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Technological innovations increase:
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B. product life cycles.
C. the time required for product development and introduction.
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Technological innovation decreases the amount of output achievable from a given quantity of labor and capital.
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The influence of a dominant design can extend beyond its own technology cycle.
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A legally induced adherence to a dominant design is not possible.
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Network externalities cannot arise in markets that do not have physical networks.
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The learning curve indicates that the more units a company produces of an item, the more each unit will cost.
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What are the factors that determine whether switching to a new technology will benefit a firm?
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How can the s-curves be used as a prescriptive tool? What would be the limitations of this approach?
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Once a new product design becomes a dominant design:
A. the product is no longer profitable.
B. it becomes difficult for competitors to imitate.
C. the architecture on which the industry can focus its efforts is destabilized.
D. the product design is adopted by the majority of producers.
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Iris is quite skeptical about new innovations and is most likely to adopt something new only after experiencing peer pressure to adopt the new innovation. However, she is not so risk averse that she will wait until all uncertainty of a new technology has been resolved; she is willing to accept a little uncertainty if her peers already use the product. Which of the following adopter categories does Iris belong to?
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Speeding Horse Inc., a leader in the video game console market, is making its new generation consoles backward compatible with its previous games. This means that:
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B. it is providing a significant incentive to the owners of its previously developed consoles to buy the new console.
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A. introduce the new technology right away and increase its market lead while taking away profits from its existing line of smartphones.
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D. wait for the existing line of smartphones to become obsolete and then introduce the new generation of smartphones into the market.
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If a firm's objective is maximum market skimming, it will initially set a high price on new products.
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Preadvertised products that are not actually on the market yet and may not even exist are referred to as _____.
A. substitute products
B. value-added products
C. consignments
D. vaporware
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In the context of a firm's product diffusion curve, when there is a chasm between early adopters and early majority customers:
A. the firm must reduce its production capacity.
B. the firm should improve its efficiency to target the mass market.
C. the early majority market becomes saturated.
D. the early majority market is ready to buy the product.