In which of the following stages of the industry life cycle is a standard first established?

Growth stage More test answers on https://studyhippo.com/exam-2-595/

A few efficient and strong firms in the laptop industry have remained and emerged successful from the shakeout stage. Which of the following stages of the industry life cycle will they move to next?

Maturity stage More test answers on https://studyhippo.com/mgmt-464-test-3/

On which of the following tenets is the crossing-the-chasm framework suggested by Geoffrey-Moore based? a) The number and size of competitors remain constant throughout the industry life cycle b) Each stage of the industry life cycle is dominated by a different customer group c) Industries tend to follow an unpredictable industry life cycle d) The supply and demand side of the market remain constant, irrespective of the phase of the industry life cycle.

b) Each stage of the industry life cycle is dominated by a different customer group More test answers on https://studyhippo.com/chapter-7-innovation-and-entrepreneurship/

While the domestic airline industry is in the maturity stage of the industry life cycle, the pet clothing industry is in its growth stage. Which of the following can be inferred from the given data? a) Competitive intensity will be higher in the domestic airline industry than the pet clothing industry. b) The pet clothing industry is ahead of the domestic airline industry in the industry life cycle. c) While the domestic airline industry is free from excess capacity, the pet clothing industry will have new entrants. d) The mode of competition will be price based in the pet clothing industry and will be non-priced based.

c) While the domestic airline industry is free from excess capacity, the et clothing industry will have new entrants. More test answers on https://studyhippo.com/chapter-7-innovation-and-entrepreneurship/

While cell phones with holographic keyboards are currently in the introduction stage of the industry life cycle, tablet computers are in the growth stage. In the context of this scenario, which of the following statements is true? a) The industry for cell phones with holographic keyboards will face greater competition than the tablet industry. b) While the industry for cell phones with holographic keyboards will focus on product innovation, the tablet industry will focus on process innovation. c) While the industry for cell phones with holographic keyboards can reap the benefits of economies of scale, the tablet industry will experience no such benefits. d) The industry for cell phones with holographic keyboards will face price competition, whereas, in the tablet industry, the mode of competition will be non-price.

b) While the industry for cell phones with holographic keyboards will focus on product innovation, the tablet industry will focus on process innovation. More test answers on https://studyhippo.com/chapter-7-innovation-and-entrepreneurship/

While the industry for tablet computers is in the growth stage, the laptop industry is in its shakeout stage. What does this imply? A. While the market demand for tablets will be high, the demand for laptops will be limited. B. The number of competitors entering the laptop industry will be more than those entering the tablet computers industry. C. The tablet industry is ahead of the laptop industry in the industry life cycle. D. While competition for the tablet industry is primarily based on price, it is not so for the tablet industry.

A More test answers on https://studyhippo.com/strategic-management-exam-3-practice/

According to the crossing-the-chasm framework, a firm’s transition between the different parts of the industry life cycle is difficult because: A. the number and size of competitors change throughout the industry life cycle. B. the firm tends to follow a predictable industry life cycle C. there are frequent changes in the supply and demand sides of the market throughout the industry life cycle. D. there is a big gulf separating the early adopters from customer segments that make up the mass market.

D More test answers on https://studyhippo.com/strategic-management-exam-3-practice/

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