1.) The distinction between the creation and capture of value is critical in a business model because:
Select one:
a. the creation and capture of value are closely relatedb. the creation and capture of value may be separatedc. innovation is associated with value creationd. intellectual property is associated with value capture
2.) According to the PIMS (Profit Impact of Market Strategy) database, which of the following does not have a positive influence on profitability?
Select one: a. standardization b. relative quality c. differentiation d. capacity utilization
3.) A fast-follower strategy is likely to require:
Select one: a. licensing the pioneers technology b. exploiting non-technological competencies c. lower cost competition d. raising barriers to entry
4.) Process innovation can create value through a number of mechanisms. Which of the following is not typical?
Select one: a. reduced waste b. higher quality c. faster response d. greater differentiation
5.)Product innovation can create value through a number of mechanisms. Which of the following is not typical?
Select one: a. reputation as an innovator b. higher quality c. improved functionality d. greater differentiation
