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OMIS 351 Quiz 2 Question and answers 100% correct

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OMIS 351 Quiz 2 Question and answers 100% correct OMIS 351 Quiz 2 Dynamic Pricing - correct answer refers to pricing that shifts over time based on conditions associated with product supply and demand. Why is Unit 2 (this unit, "Strategic Frameworks") important? Pick the most important r...

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  • November 6, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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OMIS 351 Quiz 2
Dynamic Pricing - correct answer ✔refers to pricing that shifts over time
based on conditions associated with product supply and demand.


Why is Unit 2 (this unit, "Strategic Frameworks") important? Pick the most
important reason: - correct answer ✔Because I need to be able to determine
whether a technology solution to a business problem is beneficial for my
organization


Dell, previously the world's number one PC manufacturer, has seen its market
share shrink because of rivals copying its value chain and reducing the price
advantage it enjoyed over rivals. Dell's present struggles: - correct answer
✔underscore the importance of continually assessing a firm's strategic
position among changing market conditions


Which of these examples best illustrates the "Network Effects" lens - correct
answer ✔The increasing value of Dr. Downing's research conclusions using
classroom student surveys, as his class sizes grow


Viral promotion involves - correct answer ✔leveraging a firm's customers to
promote a product or service


Which of the following terms is used as an alternative, with similar meaning, to
switching costs - correct answer ✔Lock-in


Which of the following strategies was followed by Amazons' founder to grow
the company in the early days - correct answer ✔He postponed profit
harvesting

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