While the industry for 3-D televisions is in theintroduction stage, theindustry for LCDtelevisions is in thematurity stage. Whatdoes this imply? __________ is bestdescribed as theprocess oftransformation of anidea into a new productor process, or themodification andrecombination ofexisting ones. In the third step of theinnovation process, a(n)invention is commercialized by entrepreneurs.
9/7/2017 BUAD 497 Quiz Questions Flashcards | Quizlet 23/29 In a typical industry lifecycle, an industryimmediately moves tothe _______ after theintroduction stage. _______ is best describedas the process by whichpeople undertakeeconomic risk toinnovate—to create newproducts, processes,and sometimes neworganizations A large conglomerate isdeciding on the rangeof new products andservices it can offer toits customers to furtherexpand its operations.This decisiondetermines the firm'slevel of diversification.Corporate strategydetermines theboundaries of a firmalong what 3dimensions? 1) industry value chain 2) products and services 3) geography (regional, national, or global markets) What would most likelylimit a firm's growth? A disadvantageassociated withobtaining goods andnontrivial search costs to be borne by the firm
9/7/2017 BUAD 497 Quiz Questions Flashcards | Quizlet 24/29services externallyincludesA financial advisor hasheard from a relative ofNR Industries Inc.'s CEOthat the company isplanning to shut downits operations in Europenext year. The financialadvisor realizes that thisdecision may cause adecline in the value ofthe company's sharesand decides to sellthem off. A buyer,unaware of thecompany's future plans,sees this as a potentialopportunity and investsin the company. Whatdoes this scenario bestillustrate?
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- Summer '19