Exam (elaborations)
MIS 301 Final questions with complete solutions graded A+ (8)
- Course
- Institution
MIS 301 Final questions with complete solutions graded A+ (8)
[Show more]
Content preview
MIS 301 Final questions with completesolutions graded A+ (8)
T/F: Initially, Amazon adopted the domain of a non-profit organization - correct answer ✔✔false
T/F: Amazon went seven whole years without turning a profit - correct answer ✔✔true
T/F: Amazon's success strategy is based on the focus on its quarterly results - correct answer ✔✔false
T/F: Amazon's digital publishing ambitions have extended beyond the printed word to include video
content and video games - correct answer ✔✔true
T/F: Amazon, as a company, is susceptible to channel conflicts, but less so if it can deliver suppliers a
greater revenue than all other channels combined - correct answer ✔✔true
Which of the following is an example of agency pricing - correct answer ✔✔a department store gets a
cut on the selling price of a product, which is set by the product's manufacturer
Identify the true statement - correct answer ✔✔Rivals colluding to set prices is illegal
Free shipping can cost Amazon upwards of _____ million in a single quarter - correct answer ✔✔600
Which of the following statements is true? - correct answer ✔✔It is not uncommon for a big retailer like
Amazon to be able to hold products for a month or longer without having to pay for them
The phrase inventory turns refers to: - correct answer ✔✔Number of times inventory is sold or used
during a specific period
, The online retailing technique known as ______ offers deep discounts of a limited quantity of inventory,
often for a fixed period of time or until inventory runs outs. - correct answer ✔✔flash sales
_____ is a classification of software that monitors trends among customers and uses this data to
personalize an individual customer's experience - correct answer ✔✔collaborative services
_____ refers to the industry practice where the publisher sets the price and the reseller gets a cut
(usually around 30% in electronic book markets) - correct answer ✔✔agency pricing
The publishing practice known as ____ pricing allows a retailer to buy products from suppliers, but then
sell these products to consumers at whatever price they'd like. - correct answer ✔✔wholesale
______ Law has allowed Amazon to radically drop the price of Kindle offerings. - correct answer
✔✔Moore's
T/F: High switching costs serve to weaken the value of network effects as a value asset. - correct answer
✔✔false
T/F: the higher the value of a user's overall investment, the more they are likely to consider the staying
power of any offering before choosing to adopt it - correct answer ✔✔true
T/F: the natural state of a market where network effects are present is for there to be intense
competition between several rivals that come to an equilibrium where their respective market shares
are roughly identical - correct answer ✔✔false
T/F: startup firms that find new markets attractive but do not yet have products ready for delivery
preannounce efforts causing potential adaptors to delay a purchasing decision until the new effort rolls
out - correct answer ✔✔false
T/F: regional anti-trust authorities may consider product bundling by dominant firms to be
anticompetitive - correct answer ✔✔true
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Sakayobako30. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
80796 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now