Need explanation, please.

1.Technological paradigm shift tends to Technological paradigm shift tends to

1. happen with every product
2. happen to young people
3. happen often for low technology products
4. happen in every industry
5. happen often for high technology

2.Customers who begrudgingly accept a technology after everyone else is called

1. late majority
2. innovator
3. early majority
4. last majority
5. laggard

3.What can MSM help with when a company is focusing on innovation?

1. Invest in a machine that will help with innovation
2. Collect customer survey information
3. Design new product that will sell well
4. Train employees to be innovative
5. Bringing in raw materials for sample production

4.Which functions must coordinate with one another to be more successful in producing innovative products that will sell well. Choose ONLY the best option.

1. R&D and marketing
2. R&D, production, and accounts
3. R&D, marketing, and production
4. R&D and production
5. R&D, production, and IT

5.A company is focusing on quality as its unique selling point. Which business level strategy are they probably following?

1. Six sigma quality
2. Low cost
3. Differentiation
4. Total quality management
5. Enhanced quality

6. What tends to happen to the efficiency frontier if the whole industry gains from value innovation?

1. Efficiency frontier shifts out
2. Most companies are inside the efficiency frontier
3. All companies float outside the efficiency frontier
4. Efficiency frontier shifts in
5. All companies get on the efficiency frontier

7.Company is focusing on innovation. Which function is mainly responsible for this?

1. HR
2. MSM
3. R&D
4. Marketing
5. IT

8.A monopoly probably follows which of these strategies?

1. Optimum transnational
2. Localization
3. Global standardization
4. International
5. Transnational

9.A company is performing efficiently. Based only on this information, where will you place the company in the efficiency frontier?

1. On the efficiency frontier
2. The shift in the efficiency frontier
3. Shift out the efficiency frontier
4. Outside the efficiency frontier
5. Inside the efficiency frontier

10.I buy two cokes from the Swapno every day. I have:

1. High bargaining power as a supplier
2. Low bargaining power as a supplier
3. High bargaining power as a buyer
4. Low bargaining power as a buyer
5. Moderate bargaining power as a buyer