Test Bank Solution Manual for Business of Game Development Graded A+
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Course
Games Development
Institution
Games Development
Test Bank Solution Manual for Business of Game Development Graded A+
Product Market Fit - Answers A key concept in entrepreneurship and new product development that conveys the degree to which a product satisfies market demand. Successful efforts should be desired by customers, and scale into larg...
Test Bank Solution Manual for Business of Game Development Graded A+
Product Market Fit - Answers A key concept in entrepreneurship and new product development that
conveys the degree to which a product satisfies market demand. Successful efforts should be desired by
customers, and scale into large, profitable businesses. The degree to which a product or service meets
the needs of customers.
Net Receipts - Answers The difference between money taken in and paid out
Total Receipts - Total Payments = Net Receipts
The actual sums of money received by the publisher from the sale of the book to the customer,
associate company or agent, less any deductions for discounts.
Innovators Dilemma - Answers discusses how established companies can take advantage of disruptive
technologies without hindering existing relationships with customers, partners, and stakeholders. The
notion that disruptive innovations can cause established firms or industries to lose market dominance,
often leading to failure.
Economy of Scale - Answers a proportionate saving in costs gained by an increased level of production.
Private Company - Answers A company that is owned by a person, family, or small group of investors
that does not sell shares of stock in the company to the public.
EBITA - Answers Earnings before interest, taxes, depreciation, and amortization
An acronym for "earnings before interest, taxes and amortization." EBITA is most commonly used when
equating profitability and efficiency ratios for firms. The necessary figures for calculating EBITA can be
found on a company's income statement. I: The more popular figure, EBIT, is used by investors to guage
a possible investment. EBITA is largely ignored by investors due to its inclusion of the intangible value of
amortization. Therefore, EBITA is used more often by companies on a internal basis.
incumbents - Answers company that holds the largest market share of a particular industry ; refers to a
leader in the industry
margin - Answers the difference between the value that an activity generates and the cost of the activity
packaged good - Answers A good that is usually sold in smaller packages, carries a low unit price, is
distributed through food and drug stores, is heavily promoted (usually in mass media), and is bought
and consumed frequently.
sunk cost - Answers a cost that has already been paid and cannot be recovered
churn - Answers the number of consumers who stop using a product or service, divided by the average
number of consumers of that product or service
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