Podcast
Questions and Answers
What factors influence a firm's competitive environment?
What factors influence a firm's competitive environment?
- Number of competitors, market share, profitability, pricing strategy (correct)
- Amount of funding, CEO's experience, employee benefits, office location
- Total revenue, number of employees, company age, customer satisfaction
- Product quality, marketing budget, social media presence, research and development
In the software training market example, what is the size of the realistic market opportunity for the startup firm?
In the software training market example, what is the size of the realistic market opportunity for the startup firm?
- $100 billion
- $10 billion
- $70 billion
- $6 billion (correct)
What makes a company an indirect competitor according to the text?
What makes a company an indirect competitor according to the text?
- Offering different products in a similar industry (correct)
- Selling identical products in the same market segment
- Having a different business model
- Being located in a different country
Which market segment dominates in the software training market according to the text?
Which market segment dominates in the software training market according to the text?
Why can't the startup firm effectively compete in the large business online training market?
Why can't the startup firm effectively compete in the large business online training market?
What is the primary revenue model for eBay?
What is the primary revenue model for eBay?
Which of the following is an example of a sales revenue model?
Which of the following is an example of a sales revenue model?
What is the primary revenue model for MyPoints?
What is the primary revenue model for MyPoints?
What is the primary revenue model for Dollar Shave Club?
What is the primary revenue model for Dollar Shave Club?
What is the term used to describe a company's intended marketspace and the overall potential financial opportunities available to the firm?
What is the term used to describe a company's intended marketspace and the overall potential financial opportunities available to the firm?
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