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Question
Which of the following statements is true about a firm with a long development cycle time?A. It can quickly revise or upgrade its product offering.
B. It is more likely to have a high cost of capital.
C. It can take advantage of both first-mover and second-mover advantages.
D. It is more likely to be able to fully amortize the fixed costs of development before that generation becomes obsolete.
Answer
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Related questions
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Once a new product design becomes a dominant design:
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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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B. technological spillover
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C. virtual economies
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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.
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Technological innovations increase:
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B. product life cycles.
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Technological innovation decreases the amount of output achievable from a given quantity of labor and capital.
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A legally induced adherence to a dominant design is not possible.
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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.
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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.